0001504619 2026-02-25 2026-02-25 0001504619 ck0001504619:CommonSharesMember 2026-02-25 2026-02-25 shares 0001504619 false 424B2 PennantPark Floating Rate Capital Ltd Our investment objectives are to generate both current income and capital appreciation while seeking to preserve capital <div id="s894111_5" style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">RISK FACTORS </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Before you invest in our securities, you should be aware of various risks. In addition to the other <div style="letter-spacing: 0px; top: 0px;display:inline;">information </div>contained in this prospectus supplement, the accompanying prospectus, and any free writing prospectus, you should consider carefully the following information and the risk factors incorporated by reference in our most recent Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-K</div> and any subsequent Quarterly Reports on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-Q</div> or Current Reports on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> we file after the date of this prospectus supplement, and all other information contained or incorporated by reference into this prospectus supplement, the accompanying prospectus, and any free writing prospectus, as updated by our subsequent filings under the Exchange Act, before you decide whether to make an investment in our securities. The risks set out below are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may have a material adverse effect on our business, financial condition and/or operating results. If any of the following events occur, our business, financial condition and results of operations could be materially adversely affected. In such case, our NAV and the market value of the Notes may decline, and an investor may lose all or part of your investment. </div></div></div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Before you invest in our securities, you should be aware of various risks. In addition to the other <div style="letter-spacing: 0px; top: 0px;display:inline;">information </div>contained in this prospectus supplement, the accompanying prospectus, and any free writing prospectus, you should consider carefully the following information and the risk factors incorporated by reference in our most recent Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-K</div> and any subsequent Quarterly Reports on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">10-Q</div> or Current Reports on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8-K</div> we file after the date of this prospectus supplement, and all other information contained or incorporated by reference into this prospectus supplement, the accompanying prospectus, and any free writing prospectus, as updated by our subsequent filings under the Exchange Act, before you decide whether to make an investment in our securities. The risks set out below are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may have a material adverse effect on our business, financial condition and/or operating results. If any of the following events occur, our business, financial condition and results of operations could be materially adversely affected. In such case, our NAV and the market value of the Notes may decline, and an investor may lose all or part of your investment. </div></div></div> Common stock 200000000