NEW YORK, NY--(Marketwired - Dec 2, 2016) - PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) declares
monthly distribution for December 2016 of $0.095 per share, payable on January 3, 2017 to stockholders of record as of December
22, 2016. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax
characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the
Company's periodic report filed with the Securities and Exchange Commission.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private
companies in the form of floating rate senior secured loans. From time to time, the Company may also invest in mezzanine debt and
equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. 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. PennantPark Floating Rate Capital Ltd. 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.