I Guess I Didn't Get The Memo On VanEck Vectors BDC Income ETF [Seeking Alpha]
PennantPark Floating Rate Capital Ltd. (PFLT)
Last pennantpark floating rate capital ltd. earnings: 2/5 04:05 pm
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US:NASDAQ Investor Relations:
pennantpark.com/our-funds/pflt
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Source: Seeking Alpha
The VanEck Vectors BDC Income ETF with the tickerBIZDRecently, I wrote my first BDC article on PennantPark Floating Rate Capital (PFLTThe Fly In The OintmentI have been searching the internet over the past two days, looking for a good explanation for why BIZD has lost so much of its market value. My research has led me to find the following reasons.Business Development Companies are sensitive to low interest rates. When interest rates drop quickly, so does the value of a BDC.BDCs are sensitive to the business cycle, specifically during the contraction stage, when credit default swaps increase.The reason for the BDCs' sensitivity to the business cycle is because of the increase in non-performing loans. Non-performing loans are a significant concern as this reduces their NAVPS and their ability to generate revenue from investments.So, two significant market-related issues could occur to a BDC, and these two issues weigh heavily on their valuation. When interest rates decrease, so does t
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PFLT
News
- PennantPark declares $0.1025 dividend [Seeking Alpha]Seeking Alpha
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareGlobeNewswire
- PennantPark Floating Rate Capital: Maintaining Yield As Rate Cuts Begin [Seeking Alpha]Seeking Alpha
- PennantPark Floating Rate Capital (NYSE:PFLT) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- PennantPark Floating Rate Capital Ltd (PFLT) Q4 2025 Earnings Call Highlights: Strategic ... [Yahoo! Finance]Yahoo! Finance
PFLT
Earnings
- 11/24/25 - In-Line
PFLT
Sec Filings
- 12/3/25 - Form 4
- 12/2/25 - Form 8-K
- 11/26/25 - Form 8-K
- PFLT's page on the SEC website