PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PennantPark Investment (NYSE: PNNT) has announced its monthly distribution for September 2024. Shareholders will receive $0.08 per share, payable on October 1, 2024, to stockholders of record as of September 16, 2024. The distribution is expected to be paid from taxable net investment income.
PNNT 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 $8.0 billion of investable capital. 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 settembre 2024. Gli azionisti riceveranno $0.08 per azione, pagabile il 1 ottobre 2024, ai soci registrati al 16 settembre 2024. Si prevede che la distribuzione sia pagata da reddito netto imponibile da investimenti.
PNNT è una società di sviluppo aziendale che investe principalmente in aziende private statunitensi di media dimensione attraverso vari strumenti di debito e capitale. È gestita da PennantPark Investment Advisers, una piattaforma leader nel credito di mercato medio che gestisce $8.0 miliardi di capitale investibile. La società di consulenza, fondata nel 2007, offre soluzioni di finanziamento creative e flessibili a mutuatari di media dimensione e società di private equity.
PennantPark Investment (NYSE: PNNT) ha anunciado su distribución mensual para septiembre de 2024. Los accionistas recibirán $0.08 por acción, pagadero el 1 de octubre de 2024, a los accionistas registrados hasta el 16 de septiembre de 2024. Se espera que la distribución se pague de ingresos netos de inversión imponibles.
PNNT es una compañía de desarrollo empresarial que invierte principalmente en empresas privadas de mercado medio en EE. UU. a través de varios instrumentos de deuda y capital. Es gestionada por PennantPark Investment Advisers, una plataforma líder de crédito de mercado medio que gestiona $8.0 mil millones en capital invertible. La firma de asesoría, fundada en 2007, ofrece soluciones de financiamiento creativas y flexibles a prestatarios de mercado medio y firmas de capital privado.
PennantPark Investment (NYSE: PNNT)는 2024년 9월에 대한 월별 배당금을 발표했습니다. 주주들은 2024년 10월 1일에 지급되는 주당 $0.08을 받게 되며, 이는 2024년 9월 16일 기준으로 등록된 주주에게 지급됩니다. 배당금은 과세 가능한 순 투자 소득에서 지급될 것으로 예상됩니다.
PNNT는 다양한 부채 및 자본 수단을 통해 미국 중소기업에 주로 투자하는 비즈니스 개발 회사입니다. 이 회사는 $8.0억 달러의 투자 가능 자본을 관리하는 선도적인 중형 시장 신용 플랫폼인 PennantPark Investment Advisers에 의해 관리됩니다. 이 자문 회사는 2007년에 설립되었으며 중형 시장 대출자와 사모 펀드 회사에 창의적이고 유연한 자금 조달 솔루션을 제공합니다.
PennantPark Investment (NYSE: PNNT) a annoncé sa distribution mensuelle pour septembre 2024. Les actionnaires recevront $0.08 par action, payable le 1er octobre 2024, aux actionnaires enregistrés au 16 septembre 2024. La distribution devrait être payée à partir de revenus nets d'investissement imposables.
PNNT est une société de développement commercial qui investit principalement dans des entreprises privées américaines de taille intermédiaire à travers divers instruments de dette et de capital. Elle est gérée par PennantPark Investment Advisers, une plateforme de crédit de marché intermédiaire de premier plan qui gère $8,0 milliards de capital investi. La société de conseil, fondée en 2007, propose des solutions de financement créatives et flexibles aux emprunteurs de taille intermédiaire et aux sociétés de capital-investissement.
PennantPark Investment (NYSE: PNNT) hat seine monatliche Ausschüttung für September 2024 angekündigt. Aktionäre erhalten $0.08 pro Aktie, zahlbar am 1. Oktober 2024, an die Aktionäre, die am 16. September 2024 registriert sind. Die Ausschüttung wird voraussichtlich aus steuerpflichtigem Nettoeinkommen aus Investitionen gezahlt.
PNNT ist eine Unternehmensentwicklungsgesellschaft, die hauptsächlich in US-amerikanische mittelständische Privatunternehmen mittels verschiedener Schuld- und Eigenkapitalinstrumente investiert. Sie wird von PennantPark Investment Advisers verwaltet, einer führenden Plattform für mittlere Marktfinanzierungen, die $8,0 Milliarden investierbares Kapital verwaltet. Die Beratungsfirma, die 2007 gegründet wurde, 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 $8.0 billion of investable capital
- None.
Insights
PennantPark Investment 's announcement of a
The company's focus on middle-market private companies with various debt instruments suggests a diversified risk profile. With
The distribution's characterization as taxable net investment income is important for investors to understand. Unlike return of capital distributions, this suggests the company is generating sufficient income to cover the payout, which is positive for long-term sustainability. However, it also means the distribution will likely be taxed as ordinary income for most investors, not qualifying for preferential dividend tax rates.
Investors should be aware that the final tax characteristics will be reported after year-end. This leaves room for potential adjustments, which could impact tax planning. The monthly distribution structure allows for more frequent compounding for reinvesting shareholders but may increase administrative complexity for tax reporting purposes compared to quarterly distributions.
MIAMI, Sept. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for September 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
FAQ
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