PennantPark Floating Rate Capital Ltd. Appoints Richard Cheung as New Chief Fiscal Officer

NEW YORK, June 21, 2021 (Globe NEWSWIRE) — PennantPark Floating Charge Capital Ltd. (NASDAQ: PFLT) (“we,” “our,” “PFLT” or the “Company”) declared currently that it has appointed Richard Cheung as its Chief Money Officer and Treasurer, successful June 21, 2021.

Mr. Cheung most not too long ago served as Senior Managing Director and Head of Alternative Expense Accounting at Guggenheim Associates, LLC (“Guggenheim”), in which he has served in several roles because 2008. Prior to joining Guggenheim in 2008, Mr. Cheung invested the majority of his job at Ernst & Young LLP in its money solutions field follow wherever he managed audits for a range of money. Mr. Cheung holds a B.S. in Accounting and Finance from the New York University Leonard N. Stern College of Business.

“We are particularly pleased that Richard will be becoming a member of the Business as our new Chief Monetary Officer and a member of our senior management crew. We are confident that his intensive encounter will be a incredible asset to the Company and its shareholders as we carry on to build the Firm,” mentioned Arthur Penn, Main Executive Officer of PFLT.

Aviv Efrat, PFLT’s existing Main Money Officer and Treasurer, will go inside of the PennantPark corporation and stay in senior management where he will focus on PennantPark’s strategic expansion initiatives.

“We are thankful for all of Aviv’s contributions to day as a valued member of the Company’s senior management team since its inception in 2010, like his contribution to developing our finance and functions team,” stated Mr. Penn. “We are grateful that Aviv will continue to be in senior administration inside of the PennantPark business wherever he will keep on to contribute to the firm’s strategic route.”

ABOUT PENNANTPARK FLOATING Charge Money LTD.

PennantPark Floating Fee Funds Ltd. is a enterprise improvement company which mainly invests in U.S. center-market place companies in the variety of floating price senior secured loans, which include to start with lien secured debt, second lien secured credit card debt and subordinated financial debt. From time to time, the Enterprise may also spend in equity investments. PennantPark Floating Amount Funds Ltd. is managed by PennantPark Financial investment Advisers, LLC.

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ABOUT PENNANTPARK Financial commitment ADVISERS, LLC

PennantPark Expense Advisers, LLC is a major center-marketplace credit score system, taking care of $4.7 billion of investable cash, like prospective leverage. Since its inception in 2007, PennantPark Expense Advisers, LLC has furnished investors access to middle-market place credit rating by offering non-public fairness firms and their portfolio firms as nicely as other center-market place debtors a detailed assortment of inventive and adaptable financing answers. PennantPark Investment Advisers, LLC is headquartered in New York and has places of work in Chicago, Houston, and Los Angeles.

Forward-Looking STATEMENTS

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