PennantPark Floating Rate Capital Ltd. Announces Transfer of Common Stock listing to the New York Stock Exchange
March 30 2022 - 4:05PM
PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ:
PNNT) today announced that it is transferring the listing of its
common stock to the New York Stock Exchange (NYSE) from The NASDAQ
Global Select Market. The Company’s common stock is expected to
begin trading on the NYSE on April 14, 2022 under its current
ticker symbol of ‘PNNT’. The Company will continue to trade its
common stock on NASDAQ until the transfer to the NYSE is completed.
“PennantPark Floating Rate Capital Ltd. is
pleased to join the NYSE alongside many of the world’s most
well-established and regarded companies,” said Arthur H. Penn,
Chairman and CEO of PennantPark Floating Rate Capital Ltd. “This
move is part of our strategic evolution as we continue to focus on
generating long-term value for our shareholders. We are grateful
for our past partnership with NASDAQ and look forward to our future
with the NYSE.”
“We are excited to welcome PennantPark Floating Rate Capital
Ltd. as it joins the NYSE’s community of icons and disruptors,”
said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE
Group.
ABOUT PENNANTPARK FLOATING RATE CAPITAL
LTD.
PennantPark Floating Rate Capital Ltd. is a
business development company which primarily invests in U.S.
middle-market companies in the form of floating rate senior secured
loans, including first lien secured debt, second lien secured debt
and subordinated debt. From time to time, the Company may also
invest in equity investments. PennantPark Floating Rate Capital
Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS,
LLC
PennantPark Investment Advisers, LLC is a
leading middle-market credit platform, managing $5.9 billion of
investable capital, including potential leverage. Since its
inception in 2007, PennantPark Investment Advisers, LLC has
provided investors access to middle-market credit by offering
private equity firms and their portfolio companies as well as other
middle-market borrowers a comprehensive range of creative and
flexible financing solutions. PennantPark Investment Advisers, LLC
is headquartered in Miami and has offices in New York, Chicago,
Houston, and Los Angeles.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. You should understand that under
Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B)
of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995, as amended, do not apply to
forward-looking statements made in periodic reports we file under
the Exchange Act. All statements other than statements of
historical facts included in this press release are forward-looking
statements and are not guarantees of future performance or results,
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in filings with the SEC as well as changes in the economy
and risks associated with possible disruption in the Company’s
operations or the economy generally due to military conflict and
related sanctions, terrorism, natural disasters or pandemics. The
Company undertakes no duty to update any forward-looking statement
made herein. You should not place undue influence on such
forward-looking statements as such statements speak only as of the
date on which they are made.
We may use words such as “anticipates,”
“believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and
similar expressions to identify forward-looking statements. Such
statements are based on currently available operating, financial
and competitive information and are subject to various risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations.
CONTACT: |
Rubenstein |
|
Stefan Prelog |
|
917-804-7003 |
|
sprelog@rubenstein.com |
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