PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share

Rhea-AI Summary

PennantPark Investment Corporation (NYSE: PNNT) has declared a monthly distribution for November 2023 of $0.07 per share. The distribution will be payable on December 1, 2023, to stockholders of record as of November 16, 2023. It is expected to be paid from taxable net investment income. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 and in the Company's periodic report filed with the Securities and Exchange Commission.

MIAMI, Nov. 02, 2023 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for November 2023 of $0.07 per share, payable on December 1, 2023 to stockholders of record as of November 16, 2023. 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 $6.6 billion of investable capital, including potential 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 and Los Angeles.

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 the ticker symbol of PennantPark Investment Corporation?

The ticker symbol of PennantPark Investment Corporation is PNNT.

What is the monthly distribution declared by PennantPark Investment Corporation for November 2023?

PennantPark Investment Corporation has declared a monthly distribution of $0.07 per share for November 2023.

When will the distribution be payable?

The distribution will be payable on December 1, 2023.

Who will be eligible to receive the distribution?

Stockholders of record as of November 16, 2023, will be eligible to receive the distribution.

From what source will the distribution be paid?

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

How will the tax characteristics of the distribution be reported to stockholders?

The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 and in the Company's periodic report filed with the Securities and Exchange Commission.