PennantPark Investment Corp. (PNNT) Announces $0.08 Monthly Distribution

By Bobby Samwell • Thursday, October 03 10:38 • Permanent Link

PennantPark Investment Corporation (NYSE: PNNT) has declared a monthly distribution of $0.08 per share for October 2024, payable on November 1, 2024, to stockholders of record as of October 16, 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. The company is managed by PennantPark Investment Advisers, LLC, a leading middle-market credit platform managing $8.0 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 private equity firms and their portfolio companies, as well as other middle-market borrowers, a comprehensive range of creative and flexible financing solutions. The company is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, and Amsterdam.

Investors can expect the specific tax characteristics of the distribution to be reported on Form 1099 after the end of the calendar year and in the company's periodic report filed with the Securities and Exchange Commission.

As of the latest period, PennantPark Investment Corporation's total investable capital managed by PennantPark Investment Advisers, LLC is $8.0 billion, including available leverage. This represents the same amount as previously reported. The monthly distribution per share for October 2024 is $0.08, consistent with previous periods. Today the company's shares have moved 1.0% to a price of $6.99. Check out the company's full 8-K submission here.

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