(RULE 14a-101)

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Schedule 14A Information

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934



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PennantPark Floating Rate Capital Ltd.

(Name of Registrant as Specified in Its Charter)


(Name of Person(s) Filing Proxy Statement if other than the Registrant)

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February 13, 2014

Dear Stockholder,

In a February 7, 2014 filing with the Securities and Exchange Commission, PennantPark Floating Rate Capital Ltd. (the “Company”) announced the adjournment of its Special Meeting of stockholders to allow the polls to remain open until Tuesday, February 25, 2014, at 10:00 a.m. Eastern Standard Time (EST) to solicit additional votes seeking to approve a proposal to authorize flexibility to sell shares of the Company’s common stock at a price below the then-current net asset value per share.

According to our records your shares have not been voted. Whether or not you plan to attend the Adjourned Special Meeting, we encourage you to vote your shares promptly to avoid further adjournments and additional, unnecessary costs to the Company.

The purpose of the meeting is to authorize flexibility for your Company, with approval of the Company’s Board of Directors, to sell shares of the Company’s common stock, during the next 12 months, at a price below the then-current net asset value per share in one or more offerings, subject to certain conditions as set forth in the Joint Proxy Statement, previously provided.


Your vote is very important. Please act today to be sure your shares are voted. You can vote by telephone, Internet or mail, by following the instructions set forth in the proxy materials and other information previously distributed to you. The instructions are also set forth in a copy of the proxy card enclosed with this letter.

If you already have voted, we thank you for your prompt response. If you have not voted, we encourage you to do so without delay. Your vote is needed and valued, regardless of the number of shares you own.

Your prompt response is appreciated. If you need assistance in casting your vote, please call us at 212-905-1000.


/s/ Aviv Efrat
Aviv Efrat
Chief Financial Officer and Treasurer