PennantPark Investment Corporation Announces Quarterly Distribution of $0.12 per Share

Rhea-AI Summary

PennantPark Investment Corporation (NASDAQ: PNNT) announces a third fiscal quarter 2020 distribution of $0.12 per share, set for payment on July 1, 2020. Stockholders of record as of June 17, 2020 will receive the payout, which is expected to come from taxable net investment income. The specific tax characteristics will be detailed on Form 1099 after the calendar year ends. PennantPark specializes in investments in U.S. middle-market private companies through secured debt and equity.

Positive

• Declared distribution of $0.12 per share, indicating a commitment to return value to shareholders.
• Payment to be made from taxable net investment income, demonstrating financial health.

Negative

• None.

NEW YORK, June 02, 2020 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT) declares its third fiscal quarter 2020 distribution of $0.12 per share, payable on July 1, 2020 to stockholders of record as of June 17, 2020. 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 principally 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, which has approximately $3.7 billion of assets under management. 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 New York and has offices in 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:
Aviv Efrat
PennantPark Investment Corporation
(212) 905-1000
www.pennantpark.com

FAQ

What is the distribution amount for PNNT in Q3 2020?

PNNT declared a distribution of $0.12 per share for the third fiscal quarter of 2020.

When will the PNNT distribution be paid?

The distribution will be paid on July 1, 2020.

Who is eligible for the PNNT distribution?

Stockholders of record as of June 17, 2020, are eligible for the distribution.

What will the PNNT distribution be paid from?

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

When will PNNT report tax characteristics of the distribution?

The specific tax characteristics will be reported on Form 1099 after the end of the calendar year.