Pennantpark Floating Rate Capital (PFLT) Proxy Filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on February 3, 2026, to elect two directors and ratify the selection of the independent auditor for the fiscal year ending September 30, 2026.

• Shareholders of record as of December 3, 2025, are eligible to vote, with one vote per share of common stock held.

• Voting can be conducted online, by phone, by mail, or during the virtual meeting, with detailed instructions provided.

• The Board unanimously recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Proposals include the election of Arthur H. Penn and José A. Briones, Jr. as Class III directors for three-year terms and ratification of RSM US LLP as the independent auditor.

• Shareholders may submit additional proposals for future meetings, following SEC and bylaw requirements.

• Broker non-votes and abstentions have no effect on the outcome of the director election or auditor ratification.

Board of directors and corporate governance

• The Board consists of six members: two interested and four independent directors, with staggered three-year terms.

• All committees (Audit, Nominating and Corporate Governance, Compensation) are composed solely of independent directors.

• The Board emphasizes high standards of governance, annual self-assessment, and director independence per NYSE and 1940 Act rules.

• The Chairman and CEO roles are combined for efficiency, with two-thirds of the Board being independent.

• Directors bring diverse experience in finance, real estate, private equity, and business leadership.