PennantPark Floating Rate Capital Ltd., a traded fund founded in 2011 and based in New York City, invests primarily in floating rate loans and other securities of U.S. middle-market companies with below-investment-grade debt. The fund aims to generate current income and capital appreciation while preserving capital, investing up to 35% of its portfolio in secondary debt types and equity investments.
Richard T Allorto JR bought 10,000 shares of PFLT on 30 May at $11.3 per share. They now own 10,000 PFLT shares.
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