PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PennantPark Investment (NYSE: PNNT) has announced its monthly distribution for August 2024. Shareholders will receive $0.08 per share, payable on September 3, 2024, to stockholders of record as of August 16, 2024. The distribution is expected to be paid from taxable net investment income.
PennantPark Investment is a business development company that primarily invests in U.S. middle-market private companies through various debt and equity instruments. It is managed by PennantPark Investment Advisers, , a leading middle market credit platform managing $7.7 billion of investable capital, including available leverage. The advisory firm, founded in 2007, offers creative and flexible financing solutions to middle-market borrowers and private equity firms.
PennantPark Investment (NYSE: PNNT) ha annunciato la sua distribuzione mensile per agosto 2024. Gli azionisti riceveranno $0,08 per azione, pagabile il 3 settembre 2024, agli azionisti registrati al 16 agosto 2024. Si prevede che la distribuzione sia erogata da reddito netto di investimento imponibile.
PennantPark Investment è una società di sviluppo commerciale che investe principalmente in aziende private di medie dimensioni negli Stati Uniti attraverso vari strumenti di debito e capitale. È gestita da PennantPark Investment Advisers, una piattaforma leader nel credito di mercato medio che gestisce $7,7 miliardi di capitale investibile, inclusi i leverage disponibili. La società di consulenza, fondata nel 2007, offre soluzioni di finanziamento creative e flessibili per prestatari di mercato medio e società di private equity.
PennantPark Investment (NYSE: PNNT) ha anunciado su distribución mensual para agosto de 2024. Los accionistas recibirán $0,08 por acción, pagadero el 3 de septiembre de 2024, a los accionistas registrados a partir del 16 de agosto de 2024. Se espera que la distribución se pague a partir de ingresos netos de inversión imponibles.
PennantPark Investment es una compañía de desarrollo empresarial que invierte principalmente en empresas privadas del mercado medio de EE.UU. a través de varios instrumentos de deuda y capital. Es gestionada por PennantPark Investment Advisers, una plataforma líder en crédito de mercado medio que gestiona $7,7 mil millones de capital invertible, incluido el apalancamiento disponible. La firma de asesoría, fundada en 2007, ofrece soluciones de financiamiento creativas y flexibles para prestatarios del mercado medio y firmas de capital privado.
펜넌트파크 투자(PennantPark Investment) (NYSE: PNNT)가 2024년 8월의 월간 배당금을 발표했습니다. 주주들은 주당 $0.08을 받게 됩니다, 2024년 9월 3일에 지급되며, 2024년 8월 16일 기준 주주에게 지급됩니다. 배당금은 과세 순 투자 소득에서 지급될 것으로 예상됩니다.
펜넌트파크 투자는 주로 미국 중형 시장의 사기업에 여러 채무 및 자본 수단을 통해 투자하는 비즈니스 개발 회사입니다. 이 회사는 $77억 달러의 투자 가능 자본을 관리하는 선도적인 중형 시장 신용 플랫폼인 펜넌트파크 투자 자문(PennantPark Investment Advisers)에 의해 관리됩니다. 2007년에 설립된 이 자문 회사는 중형 시장 차입자 및 사모펀드 업체에 창의적이고 유연한 금융 솔루션을 제공합니다.
PennantPark Investment (NYSE: PNNT) a annoncé sa distribution mensuelle pour août 2024. Les actionnaires recevront 0,08 $ par action, payable le 3 septembre 2024, aux actionnaires enregistrés au 16 août 2024. La distribution devrait être réglée à partir de revenus nets d'investissement imposables.
PennantPark Investment est une société de développement commercial qui investit principalement dans des entreprises privées de taille intermédiaire aux États-Unis à travers divers instruments de dette et d'équité. Elle est gérée par PennantPark Investment Advisers, une plateforme de crédit leader sur le marché intermédiaire gérant 7,7 milliards de dollars de capital investissable, y compris un effet de levier disponible. La société de conseil, fondée en 2007, propose des solutions de financement créatives et flexibles pour les emprunteurs de taille intermédiaire et les sociétés de capital-investissement.
PennantPark Investment (NYSE: PNNT) hat seine monatliche Ausschüttung für August 2024 bekannt gegeben. Aktionäre erhalten $0,08 pro Aktie, zahlbar am 3. September 2024, an Aktionäre, die am 16. August 2024 registriert sind. Die Ausschüttung wird voraussichtlich aus steuerpflichtigem Nettoinvestitionseinkommen gezahlt.
PennantPark Investment ist eine Gesellschaft für Unternehmensentwicklung, die hauptsächlich in private Unternehmen des mittelständischen Marktes in den USA durch verschiedene Schuld- und Eigenkapitalinstrumente investiert. Sie wird von PennantPark Investment Advisers verwaltet, einer führenden Kreditplattform für den Mittelstandsmarkt, die $7,7 Milliarden investierbares Kapital verwaltet, einschließlich verfügbarer Hebel. Die 2007 gegründete Beratungsfirma bietet kreative und flexible Finanzierungslösungen für mittelständische Kreditnehmer und Private-Equity-Firmen an.
- Consistent monthly distribution of $0.08 per share
- Distribution expected to be paid from taxable net investment income
- PennantPark Investment Advisers manages $7.7 billion of investable capital
- None.
Insights
PennantPark Investment 's announcement of a
As a Business Development Company (BDC), PNNT's focus on middle-market lending exposes it to both opportunities and risks. The current
Investors should closely monitor PNNT's net investment income (NII) coverage of distributions in upcoming earnings reports to assess the sustainability of these payouts.
The BDC sector, where PennantPark operates, has been experiencing increased scrutiny due to rising interest rates and economic uncertainties. PNNT's continued
However, investors should be cautious. The middle-market lending space can be sensitive to economic downturns, potentially impacting PNNT's ability to maintain this distribution level. It's worth noting that PNNT's geographic expansion, with offices across the U.S. and in Amsterdam, could provide some diversification benefits.
Comparative analysis with peer BDCs on metrics like dividend coverage ratio, net asset value trends and credit quality would be important for a comprehensive evaluation of PNNT's position in the market.
MIAMI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for August 2024 of
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
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
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