PennantPark Floating Rate Capital Expects Full Dividend Coverage with New $500M Hamilton Lane JV

PennantPark Floating Rate Capital (PFLT) anticipates full dividend coverage due to a new $500M joint venture with Hamilton Lane. CEO Arthur Howard Penn noted an uptick in deal activity, which is expected to lead to increased loan originations. The company's earnings call highlights a promising outlook for PFLT's future performance.

PennantPark Floating Rate Capital Ltd. (PFLT) announced its financial results for the third fiscal quarter ended June 30, 2025, showcasing a promising outlook for the company's future performance. The company reported a net asset value per share of $10.96, a 1.0% increase from the previous quarter, and a weighted average yield on debt investments of 10.4%.

Key highlights from the report include a net investment income of $24.6 million, or $0.25 per share, and a total investment portfolio of $2,403.5 million. The company also noted an increase in deal activity, which is expected to lead to increased loan originations in the second half of 2025.

PennantPark's CEO, Arthur Howard Penn, highlighted the formation of a new joint venture with Hamilton Lane, which is expected to drive growth in the company's net investment income. The joint venture is expected to invest in the company's core middle market directly originated senior secured loans.

The company's earnings call, scheduled for August 12, 2025, will provide further insights into its financial performance and future outlook. Investors are encouraged to participate in the call to gain a better understanding of the company's prospects.

References:

[1] https://pflt.pennantpark.com/news-releases/news-release-details/pennantpark-floating-rate-capital-ltd-announces-financial-51