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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 for October 2024. Shareholders will receive $0.08 per share, payable on November 1, 2024, to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income.

PennantPark Investment 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, including available leverage. The advisory firm, founded in 2007, offers a range of creative and flexible financing solutions to middle-market borrowers and private equity firms.

PennantPark Investment (NYSE: PNNT) ha annunciato la sua distribuzione mensile per ottobre 2024. Gli azionisti riceveranno $0,08 per azione, pagabile il 1掳 novembre 2024, agli azionisti registrati al 16 ottobre 2024. Si prevede che la distribuzione venga pagata da reddito netto da investimento tassabile.

PennantPark Investment 猫 una societ脿 di sviluppo commerciale che investe principalmente in aziende private di medie dimensioni negli Stati Uniti attraverso vari strumenti di debito e capitale. 脠 gestita da PennantPark Investment Advisers, una piattaforma di credito di medie dimensioni leader che gestisce $8,0 miliardi di capitale investibile, compreso il leverage disponibile. La societ脿 di consulenza, fondata nel 2007, offre una gamma di soluzioni di finanziamento creative e flessibili a mutuatari di medie dimensioni e a societ脿 di private equity.

PennantPark Investment (NYSE: PNNT) ha anunciado su distribuci贸n mensual para octubre de 2024. Los accionistas recibir谩n $0.08 por acci贸n, pagadero el 1 de noviembre de 2024, a los accionistas registrados a partir del 16 de octubre de 2024. Se espera que la distribuci贸n se pague de ingresos netos de inversi贸n gravables.

PennantPark Investment es una compa帽铆a de desarrollo empresarial que invierte principalmente en empresas privadas de mercado medio en EE. UU. a trav茅s de varios instrumentos de deuda y capital. Es gestionada por PennantPark Investment Advisers, una plataforma l铆der de cr茅ditos para el mercado medio que gestiona $8.0 mil millones de capital invertible, incluido el apalancamiento disponible. La firma de asesor铆a, fundada en 2007, ofrece una gama de soluciones de financiamiento creativas y flexibles a prestatarios de mercado medio y firmas de capital privado.

韼滊倻韸疙寣韥 鞚鸽矤鞀ろ姼毹柬姼 (NYSE: PNNT)電 2024雲 10鞗旍潣 鞗旊硠 氚半嫻旮堨潉 氚滍憸頄堨姷雼堧嫟. 欤检<霌れ潃 欤茧嫻 $0.08鞚 氚涥矊 霅╇媹雼, 2024雲 11鞗 1鞚检棎 歆旮夒悩氅, 2024雲 10鞗 16鞚 旮办鞙茧 欤检<霌れ棎瓴 歆旮夒惄雼堧嫟. 頃措嫻 氚半嫻旮堨潃 瓿检劯 臧電ロ暅 靾滍埇鞛 靻岆摑鞐愳劀 歆旮夒悹 瓴冹溂搿 鞓堨儊霅╇媹雼.

韼滊倻韸疙寣韥 鞚鸽矤鞀ろ姼毹柬姼電 雼れ枒頃 毂勲 氚 鞛愲掣 靾橂嫧鞚 韱淀暣 欤茧 氙戈淡 欷戩唽旮办梾鞐 韴瀽頃橂姅 牍勳雼堨姢 臧滊皽 須岇偓鞛呺媹雼. 鞚 須岇偓電 $80鞏奠潣 韴瀽 臧電ロ暅 鞛愲掣鞚 甏毽晿電 欷戩唽旮办梾 鞁犾毄 頂岆灚韽检澑 韼滊倻韸疙寣韥 鞚鸽矤鞀ろ姼毹柬姼 鞏措摐氚旍澊鞝鞀れ棎 鞚橅暣 鞖挫榿霅╇媹雼. 2007雲勳棎 靹る霅 鞚 鞛愲 須岇偓電 欷戩唽旮办梾 雽於滌瀽鞕 靷 韼霌滌棎 雽頃 彀届潣鞝侅澊瓿 鞙犾棸頃 旮堨湹 靻旊(靺橃潉 鞝滉车頃╇媹雼.

PennantPark Investment (NYSE: PNNT) a annonc茅 sa distribution mensuelle pour octobre 2024. Les actionnaires recevront $0.08 par action, payable le 1er novembre 2024, aux actionnaires inscrits au 16 octobre 2024. La distribution devrait 锚tre pay茅e 脿 partir de revenus nets d'investissement imposables.

PennantPark Investment est une soci茅t茅 de d茅veloppement commercial qui investit principalement dans des entreprises priv茅es de taille interm茅diaire aux 脡tats-Unis par le biais de divers instruments de dette et de capitaux. Elle est g茅r茅e par PennantPark Investment Advisers, une plateforme de cr茅dit de taille interm茅diaire leader qui g猫re $8,0 milliards de capital investissable, y compris le levier disponible. La soci茅t茅 de conseil, fond茅e en 2007, propose une gamme de solutions de financement cr茅atives et flexibles aux emprunteurs du march茅 interm茅diaire et aux soci茅t茅s de capital-investissement.

PennantPark Investment (NYSE: PNNT) hat seine monatliche Aussch眉ttung f眉r Oktober 2024 bekannt gegeben. Aktion盲re erhalten $0,08 pro Aktie, zahlbar am 1. November 2024, an Aktion盲re, die am 16. Oktober 2024 registriert sind. Die Aussch眉ttung wird voraussichtlich aus steuerpflichtigem Nettoinvestitionseinkommen gezahlt.

PennantPark Investment ist eine Gesellschaft f眉r Unternehmensentwicklung, die haupts盲chlich in private mittelst盲ndische Unternehmen in den USA durch verschiedene Schuld- und Eigenkapitalinstrumente investiert. Sie wird von PennantPark Investment Advisers, einer f眉hrenden Kreditplattform f眉r den Mittelstand, verwaltet, die $8,0 Milliarden investierbares Kapital, einschlie脽lich verf眉gbarer Hebel, verwaltet. Die 2007 gegr眉ndete Beratungsgesellschaft bietet eine Vielzahl kreativer und flexibler Finanzierungsl枚sungen f眉r Mittelstandsunternehmen und Private-Equity-Firmen an.

Positive
  • 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
Negative
  • None.

Insights

PennantPark Investment 's announcement of a $0.08 per share monthly distribution for October 2024 is a routine update for income-focused investors. This $0.08 distribution maintains consistency with previous months, suggesting stability in the company's cash flow and dividend policy. For a business development company (BDC) like PNNT, regular distributions are expected and important for attracting yield-seeking investors.

The distribution's expected source from taxable net investment income is positive, indicating that the company's core operations are generating sufficient returns to support the payout. However, investors should note that BDCs are required to distribute at least 90% of their taxable income to maintain their tax status, so this payout is also a regulatory necessity.

With a market cap of $448,584,166, PNNT's ability to maintain this distribution level is important for shareholder confidence. The company's focus on middle-market private companies through various debt and equity investments provides a diversified income stream, which supports the consistent dividend policy. However, the middle-market lending space can be competitive and subject to economic cycles, which investors should monitor for potential impacts on future distributions.

MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for October 2024 of $0.08 per share, payable on November 1, 2024 to stockholders of record as of October 16, 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 $8.0 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 鈥渇orward-looking statements鈥 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 鈥渟afe harbor鈥 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 October 2024 monthly distribution amount for PennantPark Investment (PNNT)?

PennantPark Investment (PNNT) has declared a monthly distribution of $0.08 per share for October 2024.

When is the payment date for PNNT's October 2024 distribution?

The payment date for PNNT's October 2024 distribution is November 1, 2024.

What is the record date for PennantPark Investment 's October 2024 distribution?

The record date for PennantPark Investment 's October 2024 distribution is October 16, 2024.

How much investable capital does PennantPark Investment Advisers manage?

PennantPark Investment Advisers manages $8.0 billion of investable capital, including available leverage.

Pennant Investment Corp

NYSE:PNNT

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469.48M
63.09M
3.36%
23.93%
1.97%
Asset Management
Financial Services
United States of America
NEW YORK