PennantPark Floating Rate Capital Ltd. Appoints Richard Cheung as New Chief Financial Officer
22 June 2021 - 6:50AM
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (“we,” “our,”
“PFLT” or the “Company”) announced today that it has appointed
Richard Cheung as its Chief Financial Officer and Treasurer,
effective June 21, 2021.
Mr. Cheung most recently served as Senior
Managing Director and Head of Alternative Investment Accounting at
Guggenheim Partners, LLC (“Guggenheim”), where he has served in
various roles since 2008. Prior to joining Guggenheim in 2008, Mr.
Cheung spent the majority of his career at Ernst & Young LLP in
its financial services industry practice where he managed audits
for a variety of funds. Mr. Cheung holds a B.S. in Accounting and
Finance from the New York University Leonard N. Stern School of
Business.
“We are extremely pleased that Richard will be
joining the Company as our new Chief Financial Officer and a member
of our senior management team. We are confident that his extensive
experience will be a tremendous asset to the Company and its
shareholders as we continue to build the Company,” stated Arthur
Penn, Chief Executive Officer of PFLT.
Aviv Efrat, PFLT’s current Chief Financial
Officer and Treasurer, will move within the PennantPark
organization and remain in senior management where he will focus on
PennantPark’s strategic growth initiatives.
“We are thankful for all of Aviv’s contributions
to date as a valued member of the Company’s senior management team
since its inception in 2010, including his contribution to building
our finance and operations team,” said Mr. Penn. “We are grateful
that Aviv will remain in senior management within the PennantPark
organization where he will continue to contribute to the firm’s
strategic direction.”
ABOUT PENNANTPARK FLOATING RATE
CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a
business development company which primarily invests in U.S.
middle-market companies in the form of floating rate senior secured
loans, including first lien secured debt, second lien secured debt
and subordinated debt. From time to time, the Company may also
invest in equity investments. PennantPark Floating Rate Capital
Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS,
LLC
PennantPark Investment Advisers, LLC is a
leading middle-market credit platform, managing $4.7 billion of
investable capital, including potential leverage. Since its
inception in 2007, PennantPark Investment Advisers, LLC has
provided investors access to middle-market credit by offering
private equity firms and their portfolio companies as well as other
middle-market borrowers a comprehensive range of creative and
flexible financing solutions. PennantPark Investment Advisers, LLC
is headquartered in New York and has offices in Chicago, Houston,
and Los Angeles.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. You should understand that under Section
27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section
21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995 do not apply to
forward-looking statements made in periodic reports we file under
the Exchange Act. All statements other than statements of
historical facts included in this press release are forward-looking
statements and are not guarantees of future performance or results,
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in filings with the Securities and Exchange Commission as
well as changes in the economy and risks associated with possible
disruption in the Company’s operations or the economy generally due
to terrorism, natural disasters or pandemics such as COVID-19. The
Company undertakes no duty to update any forward-looking statement
made herein. You should not place undue influence on such
forward-looking statements as such statements speak only as of the
date on which they are made.
We may use words such as “anticipates,”
“believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and
similar expressions to identify forward-looking statements. Such
statements are based on currently available operating, financial
and competitive information and are subject to various risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations.
CONTACT: |
Arthur PennPennantPark Floating
Rate Capital Ltd.(212) 905-1000www.pennantpark.com |
PennantPark Floating Rat... (NASDAQ:PFLT)
Historical Stock Chart
From Apr 2024 to May 2024
PennantPark Floating Rat... (NASDAQ:PFLT)
Historical Stock Chart
From May 2023 to May 2024