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E Pennant Park PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended June 30 , 2021 August 4 , 2021 NEW YORK , Aug. 04 , 2021 ( GLOBE NEWSWIRE ) -- PennantPark Floating Rate Capital Ltd. ( NASDAQ : PFLT ) ( TASE : PFLT ) announced today financial results for the third fiscal quarter ended June 30 , 2021 . HIGHLIGHTS Quarter ended June 30 , 2021 ( $ in millions , except per share amounts ) Assets and Liabilities : Investment portfolio ( 1 ) PSSL investment portfolio Net assets GAAP net asset value per share Quarterly increase GAAP net asset value per share Adjusted net asset value per share ( 2 ) Credit Facility 2023 Notes 2026 Notes 2031 Asset - Backed Debt Regulatory Debt to Equity Regulatory Net Debt to Equity ( 3 ) GAAP Net Debt to Equity ( 4 ) Yield on debt investments at quarter - end 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 EA EA EA EA $ 1,035.8 $ 529.6 $ 496.6 $ 12.81 0.8 % SA $ 12.62 $ $ $ SASASAGA $ 133.1 110.6 97.0 225.3 1.18x 1.08x 1.04x 7.5 % SASAS $ 10.3 $ 0.27 $ 0.285 SA SA $ 248.3 $ 283.3 10 16 100 $ $ 133.7 88.8 ( 1 ) ( 2 ) ( 3 ) Includes investments in PennantPark Senior Secured Loan Fund I LLC , or PSSL , an unconsolidated joint venture , totaling $ 191.3 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 $ 7.5 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 $ 48.7 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 .