PennantPark Investment Declares $0.08 Monthly Distribution

By Bobby Samwell • Wednesday, July 03 07:54 • Permanent Link

PennantPark Investment Corporation (NYSE: PNNT) has declared a monthly distribution of $0.08 per share for July 2024, payable on August 1, 2024, to stockholders of record as of July 15, 2024. This distribution is expected to be paid from taxable net investment income.

PennantPark Investment Corporation primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt, and equity investments. Managed by PennantPark Investment Advisers, LLC, the company has a credit platform managing $7.5 billion of investable capital, including available leverage.

Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle-market credit by offering a comprehensive range of creative and flexible financing solutions to private equity firms, their portfolio companies, and other middle-market borrowers.

The company's monthly distribution of $0.08 per share for July 2024 indicates a consistent payout to stockholders. This may be seen as a positive sign of the company's financial stability and ability to generate investment income.

Investors and analysts will likely be keen to see how this distribution compares to previous periods and how the company's financial metrics have evolved over time. As a result of these announcements, the company's shares have moved 1.2% on the market, and are now trading at a price of $7.62. For the full picture, make sure to review PennantPark Investment's 8-K report.

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