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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 November 2024. The distribution will be payable on December 2, 2024, to stockholders of record as of November 15, 2024. The payment is expected to come from taxable net investment income. PennantPark Investment operates as a business development company focusing on U.S. middle-market private companies, primarily investing in various forms of debt and equity. The company is managed by PennantPark Investment Advisers, , a middle market credit platform managing $8.3 billion of investable capital.

PennantPark Investment (NYSE: PNNT) ha annunciato la sua distribuzione mensile di 0,08 $ per azione per novembre 2024. La distribuzione sarà pagabile il 2 dicembre 2024, agli azionisti registrati al 15 novembre 2024. Si prevede che il pagamento provenga da proventi da investimenti netti tassabili. PennantPark Investment opera come una società di sviluppo aziendale concentrandosi su aziende private del mercato medio statunitense, investendo principalmente in varie forme di debito ed equità. L'azienda è gestita da PennantPark Investment Advisers, una piattaforma di credito di mercato medio che gestisce 8,3 miliardi di dollari di capitale investibile.

PennantPark Investment (NYSE: PNNT) ha anunciado su distribución mensual de 0,08 $ por acción para noviembre de 2024. La distribución se pagará el 2 de diciembre de 2024, a los accionistas registrados a partir del 15 de noviembre de 2024. Se espera que el pago provenga de ingresos netos de inversión imponibles. PennantPark Investment opera como una empresa de desarrollo empresarial que se centra en empresas privadas del mercado medio de EE. UU., invirtiendo principalmente en diversas formas de deuda y capital. La empresa es gestionada por PennantPark Investment Advisers, una plataforma de crédito del mercado medio que gestiona 8.3 mil millones de dólares en capital invertible.

펜난트파크 투자 (NYSE: PNNT)는 2024년 11월에 대한 주당 0.08달러의 월 배포를 발표했습니다. 배포금은 2024년 12월 2일에 2024년 11월 15일 현재 주주에게 지급됩니다. 이 지급금은 과세 가능한 순 투자 소득에서 나올 것으로 예상됩니다. 펜난트파크 투자는 미국 중간 시장의 사기업에 집중하는 사업 개발 회사로, 주로 다양한 형태의 부채와 자본에 투자하고 있습니다. 이 회사는 83억 달러의 투자 가능한 자본을 관리하는 중간 시장 신용 플랫폼인 펜난트파크 투자 자문에 의해 관리됩니다.

PennantPark Investment (NYSE: PNNT) a annoncé sa distribution mensuelle de 0,08 $ par action pour novembre 2024. La distribution sera payable le 2 décembre 2024, aux actionnaires inscrits au 15 novembre 2024. Le paiement devrait provenir de revenus nets d'investissement imposables. PennantPark Investment opère en tant que société de développement d'affaires se concentrant sur les entreprises privées du marché intermédiaire américain, investissant principalement dans diverses formes de dette et de capitaux. L'entreprise est gérée par PennantPark Investment Advisers, une plateforme de crédit pour le marché intermédiaire gérant 8,3 milliards de dollars de capital investissable.

PennantPark Investment (NYSE: PNNT) hat seine monatliche Ausschüttung von 0,08 $ pro Aktie für November 2024 angekündigt. Die Ausschüttung wird am 2. Dezember 2024 an die zum 15. November 2024 eingetragenen Aktionäre ausgezahlt. Die Zahlung wird voraussichtlich aus versteuerbarem Nettoinvestitionsertrag stammen. PennantPark Investment fungiert als Gesellschaft zur Entwicklung von Unternehmen, die sich auf private Unternehmen des US-Mittleren Marktes konzentriert und hauptsächlich in verschiedene Formen von Schulden und Eigenkapital investiert. Das Unternehmen wird von PennantPark Investment Advisers verwaltet, einer Plattform für Kredit im mittleren Markt, die 8,3 Milliarden Dollar an investierbarem Kapital verwaltet.

Positive
  • Monthly dividend distribution maintained at $0.08 per share
  • Strong asset management with $8.3 billion of investable capital under management
Negative
  • None.

Insights

The monthly distribution announcement of $0.08 per share maintains PennantPark's consistent dividend policy, which is important for income-focused investors. With a current market cap of $452.5 million and $8.3 billion in managed assets, PNNT demonstrates stable income generation from its middle-market lending operations. The distribution, sourced from taxable net investment income, suggests healthy underlying portfolio performance.

The business development company's (BDC) strategic focus on first lien secured debt provides a layer of safety for dividend sustainability. Their diversified lending approach across multiple sectors and geographical presence in major financial hubs strengthens their market position in the middle-market lending space.

MIAMI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for November 2024 of $0.08 per share, payable on December 2, 2024 to stockholders of record as of November 15, 2024. 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 $8.3 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) November 2024 dividend amount?

PennantPark Investment (PNNT) declared a monthly dividend of $0.08 per share for November 2024.

When is PNNT's November 2024 dividend payable?

The dividend is payable on December 2, 2024, to stockholders of record as of November 15, 2024.

How much investable capital does PennantPark Investment Advisers manage?

PennantPark Investment Advisers manages $8.3 billion of investable capital, including available leverage.

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