New User:

-or-
Username:
Password:
Forgot your password?

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."
News For PFLT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 29, 2015
08:47 EDTPFLTMCG Capital reaffirms recommendation in favor of merger with PennantPark
MCG Capital (MCGC) announced that its board, after careful review of the revised proposal made by HC2 Holdings (HCHC), on June 23, and consultation with its legal and financial advisors, has unanimously affirmed its commitment to the pending merger with PennantPark Floating Rate Capital (PFLT), and its recommendation that MCGC stockholders vote in favor of the PFLT transaction.
June 26, 2015
08:34 EDTPFLTLF Partners' Frischer says MCG should 'immediately move forward' with HC2
Subscribe for More Information
June 24, 2015
08:33 EDTPFLTMCG Capital responds to revised unsolicited proposal from HC2 Holdings
Subscribe for More Information
June 22, 2015
08:51 EDTPFLTMCG Capital responds to unsolicited proposals
MCG Capital Corporation (MCGC) announced that its board, after careful review of the proposals made by each of HC2 Holdings (HCHC) and Accretive Capital Partners and consultation with its legal and financial advisors, has determined that neither proposal constitutes or is reasonably likely to lead to a superior proposal under MCG’s existing merger agreement with PennantPark Floating Rate Capital (PFLT). The board has unanimously affirmed its commitment to the pending merger with PFLT, and its recommendation that MCG stockholders vote in favor of the PFLT transaction.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use