v3.25.2
DISTRIBUTIONS
 12 Months Ended
Jun. 30, 2025
Equity [Abstract]  
DISTRIBUTIONS DISTRIBUTIONS
The following table reflects the cash distributions per share that the Company declared on its common stock during the years ended June 30, 2025, 2024, and 2023: 
Distributions
For the Year Ended June 30, 2025PFLOAT Class A Common Stock, per sharePFLOAT Class A Common Stock, Amount DistributedPFLOAT Class I Common Stock, per sharePFLOAT Class I Common Stock, Amount Distributed
July 26, 2024$0.02724 $239,396 $— $— 
August 30, 20240.03650 322,325 — — 
September 27, 20240.03048 269,443 — — 
October 25, 20240.03048 270,932 0.03048 68 
December 2, 20240.03780 333,979 0.03780 84 
December 27, 20240.03024 269,075 0.03024 68 
January 31, 20250.03780 338,255 0.03780 84 
February 28, 20250.02992 265,119 0.02992 67 
March 28, 20250.02992 266,613 0.02992 67 
April 25, 20250.02992 268,116 0.02992 67 
May 30, 20250.02145 189,958 0.02145 48 
June 27, 20250.01716 152,614 0.01716 38 
Total for the Year Ended June 30, 2025$3,185,825 $591 
Distributions
For the Year Ended June 30, 2024PFLOAT Class A Common Stock, per sharePFLOAT Class A Common Stock, Amount Distributed
July 28, 2023$0.03260 $78,129 
August 25, 20230.03260 78,313 
September 29, 20230.04095 98,612 
October 27, 20230.03276 79,119 
November 24, 20230.02920 70,070 
December 29, 20230.03650 87,789 
January 26, 20240.02920 70,440 
February 23, 20240.02740 122,458 
March 29, 20240.03425 153,671 
April 26, 20240.02740 181,238 
May 31, 20240.03405 225,515 
June 28, 20240.02724 181,455 
Total for the Year Ended June 30, 2024$1,426,809 
Distributions
For the Year Ended June 30, 2023PFLOAT Class A Common Stock, per sharePFLOAT Class A Common Stock, Amount Distributed
July 29, 2022$0.05305 $126,365 
August 26, 20220.04244 100,522 
September 30, 20220.04720 112,104 
October 28, 20220.03776 89,974 
November 25, 20220.03580 84,685 
December 30, 20220.04475 106,123 
January 27, 20230.03580 85,162 
February 24, 20230.03344 79,752 
March 31, 20230.04180 99,949 
April 28, 20230.03344 80,192 
May 26, 20230.03260 78,362 
June 30, 20230.04075 98,197 
Total for the Year Ended June 30, 2023$1,141,387 
The Company has adopted an "opt in" distribution reinvestment plan for its stockholders. As a result, if the Company makes a cash distribution, its stockholders will receive distributions in cash unless they specifically "opt in" to the distribution reinvestment plan so as to have their cash distributions reinvested in additional shares of the Company’s common stock. However, certain state authorities or regulators may impose restrictions from time to time that may prevent or limit a stockholder’s ability to participate in the distribution reinvestment plan.
The Company may fund its cash distributions to stockholders from any sources of funds legally available to it, including offering proceeds, borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to the Company on account of preferred and common equity investments in portfolio companies and expense reimbursements from the Adviser. The Company has not established limits on the amount of funds it may use from available sources to make distributions.
During the years ended June 30, 2025, 2024, and 2023, the Company's officers and directors did not purchase any shares of our stock. During the year ended June 30, 2025, the Company accepted subscriptions from the Adviser for the sale of $10.0 million of the Company’s Class A common stock and a total of 2,096,436 shares were issued.