When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PFLT - Better Stock Than Its Sister: PennantPark Floating Rate Capital
PennantPark Floating Rate Capital Ltd.
2024-04-09 09:03:12 ET
Summary
PennantPark Floating Rate Capital has a consistent history of distributions and attractive returns, outperforming its sister company PNNT.
PFLT focuses on first lien debt investments, offering more safety of principal compared to PNNT's more junior debt and equity investments.
PFLT benefits from rising rates and increased spreads, and its dividend rate is unlikely to dip significantly, making it an attractive option for income investors.