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E Pennant Park PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31 , 2021 May 5 , 2021 NEW YORK , May 05 , 2021 ( GLOBE NEWSWIRE ) -- PennantPark Floating Rate Capital Ltd. ( NASDAQ : PFLT ) ( TASE : PFLT ) announced today financial results for the second fiscal quarter ended March 31 , 2021 . HIGHLIGHTS Quarter ended March 31 , 2021 ( $ in millions , except per share amounts ) Assets and Liabilities : Investment portfolio ( 1 ) PSSL investment portfolio Net assets GAAP net asset value per share SASASA CA $ 1,069.1 $ 485.1 $ 493.0 $ 12.71 Quarterly increase GAAP net asset value per share 0.1 % Adjusted net asset value per share ( 2 ) $ 12.60 Quarterly increase in adjusted net asset value per share ( 2 ) 2.3 % Credit Facility 2023 Notes 2026 Notes 2031 Asset - Backed Debt EA EA EA EA Regulatory Debt to Equity Regulatory Net Debt to Equity ( 3 ) GAAP Net Debt to Equity ( 4 ) Yield on debt investments at quarter - end $ 146.2 $ 114.2 $ 96.9 $ 225.2 1.21x 1.08x 1.05x 7.6 % Operating Results : Net investment income Net investment income per share Distributions declared per share PFLT 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 PSSL Portfolio Activity : Purchases of investments Sales and repayments of investments SA SA SA $ 9.9 $ 0.26 $ 0.285 Ꭿ ᎾᎯ $ 160.2 $ 172.1 $ $ 4 17 100 128.7 29.6 ( 1 ) Includes investments in PennantPark Senior Secured Loan Fund I LLC , or PSSL , an unconsolidated joint venture , totaling $ 172.0 million , at fair value . ( 2 ) 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 $ 4.3 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 . ( 3 ) 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 $ 66.6 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 .