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PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

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PennantPark Investment (NYSE: PNNT) has announced its monthly distribution of $0.08 per share for February 2025. The distribution will be payable on March 3, 2025, to stockholders of record as of February 18, 2025. The payment is expected to be sourced from taxable net investment income.

PennantPark Investment operates as a business development company focusing on U.S. middle-market private companies, primarily investing in first lien secured debt, second lien secured debt, subordinated debt, and equity investments. The company is managed by PennantPark Investment Advisers, , a middle market credit platform managing $9.0 billion of investable capital, including available leverage. The management firm, established in 2007, provides creative and flexible financing solutions to middle-market borrowers and private equity firms.

PennantPark Investment (NYSE: PNNT) ha annunciato la distribuzione mensile di $0,08 per azione per febbraio 2025. La distribuzione sarà pagabile il 3 marzo 2025 agli azionisti registrati al 18 febbraio 2025. Si prevede che il pagamento sarà finanziato da reddito netto di investimento imponibile.

PennantPark Investment opera come una società di sviluppo aziendale con focus su aziende private americane di medie dimensioni, investendo principalmente in debito garantito di primo grado, debito garantito di secondo grado, debito subordinato e investimenti azionari. La società è gestita da PennantPark Investment Advisers, una piattaforma di credito per il mercato di metà che gestisce $9,0 miliardi di capitale investibile, compresa la leva disponibile. La società di gestione, fondata nel 2007, offre soluzioni di finanziamento creative e flessibili a mutuatari del mercato di metà e a firme di private equity.

PennantPark Investment (NYSE: PNNT) ha anunciado su distribución mensual de $0.08 por acción para febrero de 2025. La distribución será pagadera el 3 de marzo de 2025 a los accionistas registrados al 18 de febrero de 2025. Se espera que el pago se provenga de ingresos netos de inversión gravables.

PennantPark Investment opera como una empresa de desarrollo empresarial centrada en empresas privadas del mercado medio de EE. UU., invirtiendo principalmente en deuda garantizada de primer y segundo grado, deuda subordinada y participaciones de capital. La empresa es gestionada por PennantPark Investment Advisers, una plataforma de crédito del mercado medio que gestiona $9.0 mil millones de capital invertible, incluida la palanca disponible. La firma de gestión, establecida en 2007, proporciona soluciones de financiamiento creativas y flexibles a prestatarios del mercado medio y firmas de capital privado.

펜넌트파크 투자 (NYSE: PNNT)는 2025년 2월에 대한 주당 $0.08의 월 배당금을 발표했습니다. 이 배당금은 2025년 3월 3일에 2025년 2월 18일 기준 주주에게 지급됩니다. 이 지급금은 과세 가능한 순 투자 소득에서 발생할 것으로 예상됩니다.

펜넌트파크 투자는 미국 중견 기업에 중점을 둔 비즈니스 개발 회사로, 주로 첫 번째 담보 채무, 두 번째 담보 채무, 후순위 채무 및 지분 투자에 투자하고 있습니다. 이 회사는 펜넌트파크 투자 어드바이저스에 의해 관리되며, 이는 90억 달러의 투자 자본을 관리하는 중견 시장 신용 플랫폼입니다. 2007년에 설립된 이 관리 회사는 중견 시장 차용자 및 사모펀드 회사에 창의적이고 유연한 금융 솔루션을 제공합니다.

PennantPark Investment (NYSE: PNNT) a annoncé sa distribution mensuelle de 0,08 $ par action pour février 2025. La distribution sera payable le 3 mars 2025 aux actionnaires inscrits au 18 février 2025. Le paiement devrait être financé par des revenus nets d'investissement imposables.

PennantPark Investment opère en tant que société de développement commercial se concentrant sur les entreprises privées du marché intermédiaire aux États-Unis, en investissant principalement dans des dettes sécurisées de premier et second rang, des dettes subordonnées et des investissements en capital. La société est gérée par PennantPark Investment Advisers, une plateforme de crédit de marché intermédiaire gérant 9,0 milliards de dollars de capital investissable, y compris l'effet de levier disponible. La société de gestion, fondée en 2007, fournit des solutions de financement créatives et flexibles aux emprunteurs du marché intermédiaire et aux sociétés de capital-investissement.

PennantPark Investment (NYSE: PNNT) hat die monatliche Ausschüttung von $0,08 pro Aktie für Februar 2025 angekündigt. Die Ausschüttung wird am 3. März 2025 an die zum 18. Februar 2025 registrierten Aktionäre ausgezahlt. Die Zahlung wird voraussichtlich aus steuerpflichtigem Nettoanlageertrag stammen.

PennantPark Investment fungiert als Unternehmensentwicklungsfirma, die sich auf US-amerikanische Unternehmen des Mittelstands konzentriert und hauptsächlich in unbesicherte Kredite der ersten und zweiten Reihe, nachrangige Schuldtitel und Eigenkapital investiert. Das Unternehmen wird von PennantPark Investment Advisers verwaltet, einer Mittelstands-Kreditplattform, die über 9,0 Milliarden Dollar an investierbarem Kapital, einschließlich verfügbarer Hebelwirkung, verwaltet. Die im Jahr 2007 gegründete Managementgesellschaft bietet kreative und flexible Finanzierungsmodelle für Mittelstandskreditnehmer und Private Equity-Firmen an.

Positive
  • Consistent monthly dividend distribution of $0.08 per share
  • Strong management platform with $9.0 billion in investable capital
  • Diversified investment strategy across debt and equity instruments
Negative
  • None.

Insights

The $0.08 per share monthly distribution announcement carries several important implications for investors. At current price levels, this distribution represents an attractive yield that positions PNNT competitively within the BDC sector. Notably, the distribution is being funded from taxable net investment income, which is a positive indicator of portfolio health and sustainability, as opposed to return of capital or other less desirable sources.

The middle-market lending space where PNNT operates has become increasingly attractive in the current interest rate environment. With $9.0 billion in managed assets, PennantPark's scale provides several competitive advantages: enhanced deal flow, stronger negotiating position with borrowers and the ability to participate in larger transactions while maintaining portfolio diversification. The company's geographic expansion with offices across major financial centers also suggests a robust pipeline for sourcing quality investment opportunities.

For investors, the monthly distribution frequency offers advantages over quarterly payments, providing more regular income and potentially smoother reinvestment opportunities. The predictability of the distribution schedule, combined with PNNT's focus on first lien secured debt (typically lower risk in the capital structure), presents a compelling proposition for income-focused investors seeking exposure to private credit markets.

MIAMI, Feb. 05, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for February 2025 of $0.08 per share, payable on March 3, 2025 to stockholders of record as of February 18, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.

ABOUT PENNANTPARK INVESTMENT CORPORATION

PennantPark Investment Corporation is a business development company which 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. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $9.0 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. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

CONTACT:
Richard T. Allorto, Jr.
PennantPark Investment Corporation
(212) 905-1000
www.pennantpark.com


FAQ

What is PennantPark Investment 's (PNNT) February 2025 dividend amount?

PennantPark Investment (PNNT) declared a monthly dividend of $0.08 per share for February 2025.

When is PNNT's February 2025 dividend payable?

The dividend is payable on March 3, 2025, to stockholders of record as of February 18, 2025.

What is the source of PNNT's February 2025 distribution?

The distribution is expected to be paid from taxable net investment income.

How much investable capital does PennantPark Investment Advisers manage?

PennantPark Investment Advisers manages $9.0 billion of investable capital, including available leverage.

What types of investments does PNNT primarily make?

PNNT primarily invests in U.S. middle-market private companies through first lien secured debt, second lien secured debt, subordinated debt, and equity investments.

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