PFLT Relocates Principal Executive Offices to Miami Beach
Ticker: PFLT · Form: 8-K · Filed: Feb 2, 2024 · CIK: 1504619
| Field | Detail |
|---|---|
| Company | Pennantpark Floating Rate Capital LTD. (PFLT) |
| Form Type | 8-K |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: administrative, corporate-governance, address-change
TL;DR
**PFLT moved its main office to Miami Beach; no big deal for the stock.**
AI Summary
PennantPark Floating Rate Capital Ltd. (PFLT) filed an 8-K on February 2, 2024, to update its principal executive offices from 590 Madison Avenue, New York, NY to 1691 Michigan Avenue, Miami Beach, Florida 33139. This change in address, effective February 2, 2024, is a routine administrative update and does not signal any operational or financial shifts. For investors, this simply means the company's physical headquarters has moved, which typically has no direct impact on the stock's value or the company's business operations.
Why It Matters
This filing is a routine administrative update regarding PennantPark Floating Rate Capital Ltd.'s change of address, which typically has no direct impact on the company's financial performance or stock price.
Risk Assessment
Risk Level: low — The filing reports a routine administrative change of address, which carries minimal risk to investors.
Analyst Insight
Smart investors would note this administrative change but understand it has no material impact on the company's fundamentals or investment thesis, thus requiring no immediate action.
Key Players & Entities
- PennantPark Floating Rate Capital Ltd. (company) — the registrant filing the 8-K
- February 2, 2024 (date) — date of earliest event reported and filing date
- 1691 Michigan Avenue, Miami Beach, Florida 33139 (address) — new principal executive offices
- 590 Madison Avenue, 15th Floor, New York, NY 10022 (address) — former business address
- PFLT (company) — trading symbol on The New York Stock Exchange
FAQ
What is the primary purpose of this 8-K filing by PennantPark Floating Rate Capital Ltd.?
The primary purpose of this 8-K filing is to report a change in the registrant's principal executive offices, effective February 2, 2024, from New York to Miami Beach, Florida.
What is the new address for PennantPark Floating Rate Capital Ltd.'s principal executive offices?
The new address for PennantPark Floating Rate Capital Ltd.'s principal executive offices is 1691 Michigan Avenue, Miami Beach, Florida 33139.
When did the change in the principal executive offices become effective?
The change in the principal executive offices became effective on February 2, 2024, which is also the Date of Report (Date of earliest event reported).
What is the trading symbol and exchange for PennantPark Floating Rate Capital Ltd.'s Common Stock?
The trading symbol for PennantPark Floating Rate Capital Ltd.'s Common Stock is PFLT, and it is registered on The New York Stock Exchange.
Does this 8-K filing indicate any changes in the company's financial performance or operational strategy?
No, this 8-K filing is solely for the purpose of reporting a change in the company's principal executive offices and does not indicate any changes in its financial performance or operational strategy.
Filing Stats: 731 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-02-02 16:05:18
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PFLT The New York Stock Excha
Filing Documents
- f8k_020224.htm (8-K) — 16KB
- exh_991.htm (EX-99.1) — 5KB
- exh991small_1.jpg (GRAPHIC) — 3KB
- 0001171843-24-000557.txt ( ) — 221KB
- gnw-20190101.xsd (EX-101.SCH) — 3KB
- gnw-20190101_def.xml (EX-101.DEF) — 25KB
- gnw-20190101_lab.xml (EX-101.LAB) — 33KB
- gnw-20190101_pre.xml (EX-101.PRE) — 22KB
- f8k_020224_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On February 2, 2024, PennantPark Floating Rate Capital Ltd. issued a press release announcing its monthly distribution. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K. The information in this report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of such section. The information in this report on Form 8-K shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Act, or under the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Forward-Looking Statements
Forward-Looking Statements This report on Form 8-K, including Exhibit 99.1 furnished herewith, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Financial statements: None (b) Pro forma financial information: None (c) Shell company transactions: None (d) Exhibits 99.1 Press Release of PennantPark Floating Rate Capital Ltd. Dated February 2, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PennantPark Floating Rate Capital Ltd. Date: February 2, 2024 By: /s/ Richard T. Allorto, Jr. Richard T. Allorto, Jr. Chief Financial Officer & Treasurer