PennantPark Floating Rate Capital Ltd. (PFLT)

NYSE Financial Services Asset Management

PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual inv…