PennantPark Investment Corporation provides a highly detailed look at its investment portfolio, focusing on non-controlled, non-affiliated and controlled, affiliated companies. The schedule lists numerous first lien secured debt positions, including funded and unfunded term loans and revolvers, with current coupons often in the high single to low double digits and spreads such as 3M SOFR plus stated basis points.
The portfolio spans many industries, including business services, healthcare, consumer products, media, aerospace and defense, distribution, real estate, auto, gaming, and environmental services. In addition to senior loans, PennantPark holds second lien debt, subordinated/corporate notes (including PIK structures), preferred equity, and common equity/partnership interests and warrants in a wide range of sponsors and operating companies.
The schedule also notes related-party exposure through PennantPark Senior Loan Fund and shows a large position in a JPMorgan U.S. Government Money Market Fund classified as cash and cash equivalents at 44.8%, highlighting a mix of income-producing loans and liquid short-term holdings.
PennantPark Investment Corporation reported results for the first fiscal quarter ended December 31, 2025 and updated its dividend approach. Net investment income was $7.0 million, or $0.11 per share, while net assets rose $9.0 million, or $0.14 per share, helped by $59.0 million of realized gains and offset by $57.1 million of unrealized depreciation.
Net asset value per share was $7.00, down 1.5% from September 30, 2025, and the investment portfolio totaled $1,218.5 million with a 10.9% weighted average yield on debt investments. The company will keep total monthly dividends at $0.08 per share, split into a $0.04 base dividend supported by core net investment income and a $0.04 supplemental dividend supported by spillover income, which it anticipates maintaining through December 2026. Liquidity actions included upsizing the Truist Credit Facility to $535 million with lower pricing and issuing $75.0 million of 7.0% Senior Unsecured Notes due February 1, 2029.
PennantPark Investment Corporation held its annual stockholder meeting on February 3, 2026, with 65,296,094 common shares eligible to vote as of the record date.
Stockholders elected Samuel Katz and Marshall Brozost as Class I directors to serve until the 2029 annual meeting, with Katz receiving 14,000,169 votes for and Brozost receiving 12,055,136 votes for. Both director elections included broker non-votes.
Stockholders also ratified the selection of US LLP as independent registered public accounting firm for the year ending September 30, 2026, with 39,679,025 votes for, 934,043 against, and 1,006,624 abstaining.
PennantPark Investment Corporation filed a current report to share that it issued a press release on February 3, 2026 announcing its monthly distribution. The company is using this report to make that information broadly available under Regulation FD, which is designed to ensure fair disclosure to all investors.
The press release detailing the monthly distribution is furnished as Exhibit 99.1. The company notes that this information is being furnished rather than filed, meaning it is not subject to certain liability provisions and is not automatically incorporated into other securities law filings unless specifically referenced.
PennantPark Investment Corporation entered into a Note Purchase Agreement for $75,000,000 of 7.00% senior unsecured notes due February 1, 2029, sold in a private placement to a qualified institutional investor. These notes pay interest semi-annually each February 1 and August 1, starting August 1, 2026.
The notes are general unsecured obligations ranking equally with PennantPark’s other unsecured unsubordinated debt and include a minimum asset coverage covenant of 1.50 to 1.00. They can be redeemed at par plus accrued interest, with a make-whole premium for redemptions before November 1, 2028, and must be prepaid at par upon certain change of control events.
PennantPark also entered a Registration Rights Agreement requiring it to register an exchange offer for substantially identical registered notes, or alternatively register resales of the notes. Failure to meet specified registration deadlines would require the company to pay additional interest to the noteholder.
This excerpt from a PNNT annual filing amendment details a large portfolio of investments in non-controlled, non-affiliated and affiliated portfolio companies. The positions span first lien secured debt, subordinated/corporate notes, and various classes of common and preferred equity or partnership interests.
The investments are diversified across many industries, including business services, healthcare and childcare, consumer products, aerospace and defense, distribution, media, auto sector, gaming, and environmental services. Many of the first lien loans reference SOFR-based floating rates with substantial basis point spreads and, in some cases, PIK (payment-in-kind) components, indicating higher-yield, credit-focused exposure typical of a senior loan or private credit strategy.
PennantPark Investment Corporation reported that it has scheduled the release of its earnings for the first fiscal quarter ended December 31, 2025. The company disclosed this timing through a press release dated January 6, 2026, which is attached as Exhibit 99.1.
The information about the upcoming earnings release is furnished under Regulation FD and is not deemed filed for liability purposes under the Securities Exchange Act of 1934. The company also notes that any forward-looking statements in this communication involve risks and uncertainties and may differ materially from actual results.
PennantPark Investment Corporation filed a current report to share that it issued a press release announcing its monthly distribution on January 5, 2026. The press release is included as Exhibit 99.1 and is provided under Regulation FD, meaning the information is being furnished rather than filed for liability purposes under the Exchange Act.
The company also highlights that the report and the press release may contain forward-looking statements, which are subject to risks and uncertainties described in its SEC filings. PennantPark states it has no obligation to update these statements and cautions readers that actual results may differ materially from any projections.
PennantPark Investment Corporation will hold a fully virtual 2026 Annual Meeting of Stockholders on February 3, 2026 at 9:30 a.m. Eastern Time. Holders of common stock at the close of business on December 3, 2025 can participate online and vote using the control number included with their proxy materials.
Stockholders will vote on electing two Class I directors, Samuel L. Katz and Marshall Brozost, each for a three-year term ending at the 2029 annual meeting, and on ratifying RSM US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026. The board, which has six members including four independent directors and three all-independent committees, unanimously recommends voting in favor of both proposals. The proxy also describes director compensation and the advisory, incentive and administrative fees paid to PennantPark’s affiliated adviser and administrator for the year ended September 30, 2025.