PennantPark Floating Rate Capital Ltd (PFLT)

And now looks very oversold (just an opinion) as they had to manage some non-accruals that spooked the herd. However, this is a mostly senior debt BDC with very transparent management team and an excellent track record. NII was actually up even with the non-accruals and it looks as if their selectivity in adding to portfolio is more responsible for reduction in NAV than any performance issues. PFLT has had margin ratios reduced and it looks like they haven’t actually started to leverage this yet either. Both Art Penn and the CFO have made substantial common stock purchases as well. Lastly, it pays almost 10% monthly distributions.

My goodness, a first post(er): How come no one else is into this one? I stumbled into PFLT on a merger, then sale, but a few DRIP shares remained, so I received microscopic monthlies. Then I started looking at it, thinking to liquidate, but now I am doing DCA in on a monthly basis.

Small-medium cap size private sector firms in the US economy, decent risk, careful selection, modest cap growth prospects for some investments. Decent monthly yield. BDC - careful specific firm.

Well, I'm aiming long. Every 500USD put in grows your monthly DRIP by 5USD, roughly.

- p, first post for the record.