PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

Rhea-AI Summary

PennantPark Investment (NYSE: PNNT) has announced its monthly distribution for April 2025, setting it at $0.08 per share. The distribution will be payable on May 1, 2025, to stockholders of record as of April 15, 2025.

The company, a business development company focusing on U.S. middle-market private companies, primarily invests in first lien secured debt, second lien secured debt, subordinated debt, and equity investments. The distribution is expected to be sourced from taxable net investment income, with final tax characteristics to be reported on Form 1099.

PennantPark Investment is managed by PennantPark Investment Advisers, , a middle market credit platform managing $9.8 billion of investable capital. Since 2007, the advisory firm has provided middle market credit solutions through offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.

Positive

• Consistent monthly dividend distribution maintained at $0.08 per share
• Strong asset management position with $9.8 billion of investable capital
• Distribution to be paid from taxable net investment income, indicating operational profitability

Negative

• None.

News Market Reaction

+0.14%

1 alert

+0.14% News Effect

On the day this news was published, PNNT gained 0.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MIAMI, April 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for April 2025 of $0.08 per share, payable on May 1, 2025 to stockholders of record as of April 15, 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 $9.8 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 the April 2025 monthly distribution amount for PNNT stock?

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

When is the payment date for PNNT's April 2025 distribution?

The distribution will be paid on May 1, 2025, to stockholders of record as of April 15, 2025.

How much assets under management does PennantPark Investment Advisers manage?

PennantPark Investment Advisers manages $9.8 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.