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E Pennant Park PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended December 31 , 2020 February 9 , 2021 NEW YORK , Feb. 09 , 2021 ( GLOBE NEWSWIRE ) -- PennantPark Floating Rate Capital Ltd. ( NASDAQ : PFLT ) ( TASE : PFLT ) announced today financial results for the first fiscal quarter ended December 31 , 2020 . HIGHLIGHTS Quarter ended December 31 , 2020 ( $ in millions , except per share amounts ) Assets and Liabilities : Investment portfolio ( 1 ) PSSL investment portfolio Net assets GAAP net asset value per share Increase GAAP net asset value per share Adjusted net asset value per share ( 2 ) $ Increase in adjusted net asset value per share ( 2 ) SASASA SA $ 1,067.3 $ 382.2 $ 492.4 $ 12.70 3.2 % SA 12.32 4.3 % Credit Facility 2023 Notes $ 2031 Asset - Backed Debt SA SASA $ 253.3 106.6 $ 225.0 Regulatory Debt to Equity Regulatory Net Debt to Equity ( 3 ) GAAP Net Debt to Equity ( 4 ) Yield on debt investments at quarter - end 1.26x 1.20x 1.13x 7.5 % Operating Results : Net investment income Net investment income per share Distributions declared per share Portfolio Activity : Purchases of investments Sales and repayments of investments Number of new portfolio companies invested Number of existing portfolio companies invested Number of ending portfolio companies SA SA SA $ 10.1 $ 0.26 $ 0.285 6969 $ 67.0 $ 109.6 5 17 100 ( 1 ) ( 2 ) ( 3 ) ( 4 ) Includes investments in PennantPark Senior Secured Loan Fund I LLC , or PSSL , an unconsolidated joint venture , totaling $ 169.4 million , at fair value . This is a non - GAAP financial measure . The Company believes that this number provides useful information to investors and management because it reflects the Company's financial performance excluding the impact of the $ 14.8 million unrealized loss on our multi - currency senior secured revolving credit facility , as amended and restated , with Truist Bank ( formerly SunTrust Bank ) and other lenders , or the Credit Facility , and our 4.3 % Series A notes due 2023 , or the 2023 Notes . The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP . This is a non - GAAP financial measure . The Company believes that this number provides useful information to investors and management because it reflects the Company's financial performance net of $ 28.5 million of cash and cash equivalents . The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP . This is a non - GAAP financial measure . The Company believes that this number provides useful information to investors and management because it reflects the Company's financial performance including the impact of the $ 14.8 million unrealized loss on the Credit Facility and the 2023 Notes net of $ 28.5 million of cash and cash equivalents . The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP .