PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is trading at $6.86, about ₹645 at today's USD/INR rate, as of 9 Nov 2026, 4:00 PM ET, down 0.29% today. Indian residents can buy PennantPark Floating Rate Capital from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$6.81
Today's high
$6.92
52 week low
$6.15
52 week high
$10.88
PFLT opened at $6.92, closed previously at $6.88, and has traded between $6.15 and $10.88 over the past 52 weeks.
About
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
Key statistics
Avg. volume
833.26K
Market cap
$680.63M
P/E Ratio
13.35
Price-to-sales ratio
3.83
Enterprise value
$2.48B
Free cash flow yield
11.55%
Debt-to-equity ratio
1.55
Return on equity
6.18%
ROIC
2.32%
Beta
0.79
Dividend yield
16.53%
Last dividend
$1.13
Financial overview
Revenue
$171.52M
Earnings per share
$0.72
Free cash flow
$95.04M
Net profit margin
28.29%
Gross margin
55.20%
EBITDA
$67.50M
Revenue growth
2.20%
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This is not an investment recommendation
How to buy PennantPark Floating Rate Capital from India
Indian residents can buy PennantPark Floating Rate Capital shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for PennantPark Floating Rate Capital and place an order
Find PennantPark Floating Rate Capital by name or by its ticker, PFLT, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. PennantPark Floating Rate Capital trades 8:00 pm – 2:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your PennantPark Floating Rate Capital position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying PennantPark Floating Rate Capital from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. PennantPark Floating Rate Capital’s current yield is 16.53%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
Can Indian residents buy PennantPark Floating Rate Capital stock?
Yes. PennantPark Floating Rate Capital (PFLT) has been listed on the New York Stock Exchange since 2011, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one PennantPark Floating Rate Capital share cost in rupees?
One PennantPark Floating Rate Capital share is $6.86 — about ₹645 at a USD/INR rate of 94.05 on 8 Nov 2026. Both the PennantPark Floating Rate Capital price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying PennantPark Floating Rate Capital from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of PennantPark Floating Rate Capital?
Yes. One PennantPark Floating Rate Capital share is $6.86, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in PennantPark Floating Rate Capital.
How are gains on PennantPark Floating Rate Capital shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the PennantPark Floating Rate Capital price. Paasa issues a capital-gains statement for your return.
Does PennantPark Floating Rate Capital pay a dividend, and how is it taxed in India?
Yes. PennantPark Floating Rate Capital pays a dividend and the current yield is 16.53%; the last declared dividend was $1.13 per share, about ₹106.65. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade PennantPark Floating Rate Capital from India?
The New York Stock Exchange trades 8:00 pm – 2:30 am IST in Indian time, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
Is there estate or inheritance tax on PennantPark Floating Rate Capital shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare PennantPark Floating Rate Capital shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your PennantPark Floating Rate Capital holding, its cost and its closing value.
How do I sell PennantPark Floating Rate Capital and bring the money back to India?
You sell during market hours (8:00 pm – 2:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.