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.
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Better Stock Than Its Sister: PennantPark Floating Rate Capital