Authorization

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share

NEW YORK, Jan. 03, 2020 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the a??Companya??) (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for January 2020 of $0.095 per share, payable on February 3, 2020 to stockholders of record as of January 16, 2020. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.
a??We are pleased that through our focus on investing in lower risk, first lien senior secured middle market loans we have been able to maintain a steady and stable dividend over a long period of time,a?? said Arthur Penn, Chairman and Chief Executive Officer.The Company, which operates as a regulated investment company (a??RICa??), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.The specific tax characteristics of this distribution can be found on our website www.pennantpark.com.ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
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