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Stock Market & Financial Investment News

News Breaks
August 6, 2014
16:36 EDTPFLTPennantPark Floating Rate reports Q3 EPS 29c, consensus 29c
Reports Net Asset Value $14.52/shr at June 30. The company added, "Investment income for the three and nine months ended June 30, was $7.7M and $22.1M, respectively, and was attributable to $6.2M and $17.9M from senior secured loan investments, and $1.5M and $4.2M from second lien secured debt and subordinated debt investments. This compares to investment income for the three and nine months ended June 30, 2013, which was $4.7M and $12.8M, respectively, and was attributable to $3.9M and $10.8M from senior secured loan investments, and $0.8M and $2M from second lien secured debt and subordinated debt investments. The increase in investment income over the prior year was primarily due to the growth of our portfolio."
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