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Yahoo
5 days ago
- Business
- Yahoo
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for June 2025 of $0.1025 per share, payable on July 1, 2025 to stockholders of record as of June 16, 2025. The distribution is expected to be paid from taxable net investment income. The final 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. The Company, which operates as a regulated investment company ('RIC'), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation. The specific tax characteristics of this distribution can be found on our website 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, 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 approximately $10 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 Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam. 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 and Section 21E(b)(2)(B) of 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 PennantPark Floating Rate Capital Ltd. files 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. 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. The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice. CONTACT:Richard T. Allorto, Floating Rate Capital Ltd.(212) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
6 days ago
- Business
- Miami Herald
The most tax-friendly states for your retirement income
In retirement, you'll likely need to replace about 40% of your pre-retirement income from sources such as IRAs, 401(k)s, and employer-sponsored pensions. That's generally what it takes to sustain a lifestyle comparable to the one you enjoyed while working. Given that, it's worth carefully considering where you live in retirement – especially since some states tax these income sources heavily, while others offer full or partial exemptions. Choosing a tax-friendly state could help your retirement savings go further. This article is part of an ongoing series examining how states tax various sources of income, including Social Security benefits, retirement account distributions, defined benefit pensions, investment income (capital gains, dividends, interest), earned income, pass-through income (K-1), rental income, and other income typically reported on Form 1099. In this installment, we focus on which states are most tax-friendly when it comes to income from retirement accounts and pensions. Don't miss the move: Subscribe to TheStreet's free daily newsletter Image source: Olegs Jonins on Unsplash The tax treatment of retirement and pension income varies significantly across states, according to Tim Bjur, a senior content management analyst at Wolters Kluwer. Broadly speaking, states fall into one of four categories: Some impose no state income tax at exempt all or some retirement income.A few offer tax credits for retirement some tax all or most of it. Bjur notes that while states typically introduce numerous bills each year to reduce the tax burden on retirees, no significant changes have been enacted since 2023. That year, two notable updates occurred: Michigan began phasing out its complex three-tier retirement income tax structure, which was based on birth year and federal adjusted gross income (AGI), with capped deductions for Tiers 2 and Island raised the exemption cap on retirement income to $50,000, effective in the 2025 tax year. A few states also made minor adjustments to military retirement income tax rules by expanding eligibility to more branches of the armed forces. Why the pause in broader tax reform? Bjur believes it's tied to uncertainty about federal tax policy and its potential impact on state revenues. Still, he points out that some states – like Kansas, which taxes most retirement income – are pursuing general income tax cuts that could benefit retirees, even without specific changes to retirement income taxation. Related: How the IRS taxes Social Security income in retirement Nine states do not tax individual income, including retirement income: AlaskaFloridaNew HampshireNevadaSouth DakotaTennesseeTexasWashingtonWyoming Four states exempt all or most retirement income: IllinoisIowaMississippiPennsylvania Twenty states offer partial exemptions or deductions, often with AGI-based phaseouts: AlabamaArkansasColoradoConnecticutDelawareGeorgiaHawaiiKentuckyLouisianaMaineMarylandMichiganMissouriNew JerseyNew YorkOklahomaRhode IslandSouth CarolinaVirginiaWisconsin Fourteen states and the District of Columbia tax most or all private retirement income: ArizonaCaliforniaDistrict of ColumbiaIdahoIndianaKansasMassachusettsMinnesotaMontanaNebraskaNew MexicoNorth CarolinaNorth DakotaVermontWest Virginia Three states offer tax credits for retirement or pension income: OhioOregonUtah Some states offer full or partial exemptions for: · Military retirement pay (e.g., Hawaii, Indiana, Oklahoma: fully exempt) · Federal government pensions (e.g., Maryland, Kentucky: special exemptions) · Railroad Retirement Benefits (exempt in nearly all states) By way of background, 26.3 million retired Americans - and their beneficiaries - received pension income from public and private sector plans in 2022, according to the National Institute on Retirement Security. Meanwhile, IRAs continue to play a pivotal role in retirement savings. By mid-2024, 57.9 million U.S. households - about 43.8% - owned IRAs, according to the Investment Company Institute. Among households with traditional IRAs, 31% took withdrawals in tax year 2023 - and 90% of those were retired. Of these retirees, approximately 73% withdrew only the required minimum distribution - or RMD. According to J.P. Morgan Asset Management, you'll likely need to replace around 40% of your pre-retirement income from sources like IRAs, 401(k)s, and employer-sponsored pensions. That's typically what's needed to maintain a standard of living comparable to what you had while working. JP Morgan Jean-Luc Bourdon, a wealth advisor with Lucent Wealth Planning, notes that pension income offers limited tax-planning flexibility. As a result, moving to a more tax-friendly state is often one of the most effective ways for pensioners to reduce their tax burden. In contrast, IRA and 401(k) holders have more options: Qualified Charitable Distributions (QCDs) can reduce the tax impact of Required Minimum Distributions (RMDs).Strategic Roth conversions during low-income years or market downturns can help manage long-term tax liability. For those considering relocation, Bourdon suggests targeting low-tax states that offer additional lifestyle benefits. "Arizona, for instance, combines a favorable flat 2.5% income tax rate with abundant sunshine," he said. Related: These are the most tax-friendly states if you work in retirement Arizona Retirement - Tax-Friendly Affordable Living. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
24-05-2025
- Sport
- Time of India
What You Need to Know About MLB's Twitter Sweepstakes Rules
A lot of fans join MLB's Twitter sweepstakes to try to win game tickets and souvenirs, but knowing the official rules is necessary for success. The league's regulations allow for many promotions during the season, such as the Ultimate Game Giveaway Sweepstakes and contests on Twitter. Tired of too many ads? go ad free now Promotional prizes include anything from twenty-five to five hundred dollars, and certain packages offer Major League Baseball game tickets and gift cards. Nevertheless, participants have to follow all the requirements and content rules to make sure they don't get eliminated from these contests. Major League Baseball sweepstakes eligibility and entry requirements Only people living outside of Quebec, Canada, are eligible for Major League Baseball sweepstakes, but those from the United States territories and commonwealths are welcome to join. People entering the contest must be eighteen years of age, but some areas require them to be older. Employees at Major League Baseball, including the Commissioner's office and all thirty teams, are not allowed to participate with their families or those living in their homes. Promotions sometimes require users to enter with a Twitter retweet, but some also allow people to enter by filling out a form online. The Ultimate Game Giveaway Sweepstakes ran for seven different entry periods during the 2023 season, and participants had to retweet special Major League Baseball Twitter posts. Those who win will get two game tickets and a one-hundred-dollar Walmart gift card, but they must still pay for their own trip and accommodations. Content restrictions and legal obligations for participants Major League Baseball prevents any nudity, gambling talk, profanity, promoting violence, using copyrighted material, and public mentions that tarnish baseball or Major League Baseball organisations. No participants should include tobacco, alcohol, drugs, dangerous stunts, or real weapons, and content that promotes discrimination based on race, gender, religion, nationality, disability, sexual orientation, or age is not allowed. Tired of too many ads? go ad free now The league needs parental releases for all content that involves minors who are not yet legal adults. Every dispute over a sweepstakes must be decided by binding arbitration in New York County, New York, and participants give up the right to join a class action lawsuit. Winners who get a prize worth over six hundred dollars may receive a Form 1099 from the Internal Revenue Service. All sweepstakes decisions and rules are guided by Major League Baseball Advanced Media Limited Partnership from its headquarters in New York. Also Read: Major League Baseball's Twitter sweepstakes continue attracting thousands of participants despite complex regulations, offering fans unique opportunities to experience live baseball while navigating detailed legal frameworks designed to protect the league's interests and ensure fair competition among contestants.
Business Wire
23-04-2025
- Business
- Business Wire
KNOT Offshore Partners LP Announces 1 st Quarter 2025 Earnings Results Conference Call
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (' the Partnership') plans to release its financial results for the 1 st Quarter of 2025 before opening of the market on Wednesday, May 21, 2025. The Partnership also plans to host a conference call on Wednesday, May 21, 2025 at 9:30 AM (Eastern Time) to discuss the results for the 1 st Quarter of 2025. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options: By accessing the webcast, which will be available through the Partnership's website: By dialing 1-833-470-1428 from the US, dialing 1-833-950-0062 from Canada or +1-404-975-4839 if outside North America – please join the KNOT Offshore Partners LP call using access code 259019. Our 1 st Quarter 2025 Earnings Presentation will also be available at prior to the conference call start time. The conference call will be recorded and remain available until May 28, 2025. This recording can be accessed following the live call by dialing +1-866-813-9403 or +1-929-458-6194 and entering the replay access code 137364. About KNOT Offshore Partners LP KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP's common units trade on the New York Stock Exchange under the symbol 'KNOP'.
Yahoo
23-04-2025
- Business
- Yahoo
KNOT Offshore Partners LP Announces 1st Quarter 2025 Earnings Results Conference Call
ABERDEEN, Scotland, April 23, 2025--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) ("the Partnership") plans to release its financial results for the 1st Quarter of 2025 before opening of the market on Wednesday, May 21, 2025. The Partnership also plans to host a conference call on Wednesday, May 21, 2025 at 9:30 AM (Eastern Time) to discuss the results for the 1st Quarter of 2025. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options: By accessing the webcast, which will be available through the Partnership's website: By dialing 1-833-470-1428 from the US, dialing 1-833-950-0062 from Canada or +1-404-975-4839 if outside North America – please join the KNOT Offshore Partners LP call using access code 259019. Our 1st Quarter 2025 Earnings Presentation will also be available at prior to the conference call start time. The conference call will be recorded and remain available until May 28, 2025. This recording can be accessed following the live call by dialing +1-866-813-9403 or +1-929-458-6194 and entering the replay access code 137364. About KNOT Offshore Partners LP KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP's common units trade on the New York Stock Exchange under the symbol "KNOP". View source version on Contacts KNOT Offshore Partners LP Derek LoweChief Executive Officer and Chief Financial OfficerEmail: ir@ Tel: +44 1224 618 420 Sign in to access your portfolio
