Item 5.07 Submission of Matters to a Vote of Security Holders

On February 26, 2013, PennantPark Floating Rate Capital Ltd. (the "Company") reconvened the special meeting of stockholders to consider one proposal as described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on December 7, 2012. As of December 12, 2012, the record date, 6,850,667 shares of common stock were eligible to vote. A summary of the matter voted upon by the stockholders is set forth below.

Proposal 1. Due to the absence of a quorum, the Company's stockholders did not approve a proposal to authorize flexibility for the Company, with the approval of its Board of Directors, to sell shares of its common stock during the next 12 months at a price below its then current net asset value per share subject to certain limitations as described the proxy statement.

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