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PFLT| Name | Value |
|---|---|
| Revenues | 7.4M |
| Cost of Revenue | 7.9M |
| Gross Profit | -0.6M |
| Operating Expense | 1.6M |
| Operating I/L | 23.0M |
| Other Income/Expense | -22.9M |
| Interest Income | 30.1M |
| Pretax | 5.7M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | 5.6M |
PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in floating rate loans, debt, equity, and loan investments in private or thinly traded middle market companies. It focuses on the United States and to a limited extent non-U.S. companies, typically investing between $2 million and $20 million. The fund also invests in equity securities and targets companies not rated by national rating agencies, with investments representing 65 percent of its portfolio through senior secured loans. Under normal conditions, at least 80 percent of its net assets are invested in floating rate loans and similar investments, including cash equivalents in money market funds.
