Pinnacle Floating Rate Income Fund Announces Monthly Distribution of 8.35 Cents per Share

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company"), a business development company, announced today that its board of directors has declared a monthly distribution of $0.1025 per share, payable on April 15, 2025 to holders of record as of April 8, 2025.

The distribution represents a quarterly distribution of $0.3860 per share, based on the Company's current quarterly distribution rate of $0.1025 per share, and is consistent with the Company's previously announced quarterly distribution rate.

The distribution will be paid in cash and is expected to be approximately $3.1 million, based on the current number of outstanding shares.

PennantPark Floating Rate Capital Ltd. is a publicly traded business development company that is regulated as an investment company under the Investment Company Act of 1940. The Company's investment objective is to generate current income and capital appreciation by lending to companies at floating interest rates that are generally higher than those offered by traditional money market funds or other fixed-rate investments.

This press release contains statements that are "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. For a discussion of the risks and uncertainties, see the Company's prospectus and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statements to reflect subsequent events or circumstances.