PFLT Update: Reduced Non-Accruals But Trading Above Target Prices
PFLT Quick Update:
PFLT reported between its base and best case projections mostly due to higher-than-expected portfolio yield (increased from 7.5% to 8.5%) and higher portfolio growth.
PFLT remains a 'Level 2' dividend coverage BDC and recently reaffirmed its August 2022 dividend of $0.095.
Non-accruals decreased from 2.3% to 0.1% of the portfolio fair va…