Pennantpark Floating Rate Capital (PFLT) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on February 4, 2025, to elect two directors and ratify the selection of the independent auditor for the fiscal year ending September 30, 2025.

• Shareholders of record as of December 4, 2024, are eligible to vote, with 83,229,896 shares outstanding.

• Voting can be conducted online, by phone, or by mail, and shareholders are encouraged to participate regardless of the number of shares owned.

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

Voting matters and shareholder proposals

• Proposal 1: Election of Adam Bernstein and Jeffrey Flug as Class II directors for three-year terms expiring in 2028.

• Proposal 2: Ratification of RSM US LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2025.

• Shareholders may submit proposals for the 2026 Annual Meeting between July 28, 2025, and August 27, 2025.

Board of directors and corporate governance

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

• All directors attended at least 75% of Board and committee meetings in the last fiscal year.

• The Board has Audit, Nominating and Corporate Governance, and Compensation Committees, all composed solely of independent directors.

• The Chairman and CEO roles are combined, currently held by Arthur H. Penn.

• The Board conducts annual self-assessments and has independent legal counsel for the independent directors.