PennantPark Investment Corporation Declares Monthly Distribution for July 2024

Strategic Insights -

PennantPark Investment Corporation has declared a monthly distribution for July 2024 of $0.08 per share, payable to stockholders of record as of July 15, 2024. The distribution is expected to be paid from taxable net investment income, and the final tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year. The company primarily invests in U.S. middle-market private companies and is managed by PennantPark Investment Advisers, LLC, a leading middle market credit platform managing $7.5 billion of investable capital.

Key Takeaways:

  • PennantPark Investment Corporation declared a monthly distribution for July 2024 of $0.08 per share, payable on August 1, 2024 to stockholders of record as of July 15, 2024.
  • The distribution is expected to be paid from taxable net investment income.
  • The final tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year.
  • PennantPark Investment Corporation is a business development company primarily investing in U.S. middle-market private companies.
  • The company is managed by PennantPark Investment Advisers, LLC, a leading middle market credit platform managing $7.5 billion of investable capital.
  • The platform offers a comprehensive range of creative and flexible financing solutions to middle-market borrowers and private equity firms.
  • PennantPark Investment Advisers, LLC has offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.

Statistics:

  • Monthly distribution per share for July 2024: $0.08
  • Distribution payable date: August 1, 2024
  • Record date for stockholders: July 15, 2024
  • Managed investable capital by PennantPark Investment Advisers, LLC: $7.5 billion
  • Total offices of PennantPark Investment Advisers, LLC: 6
  • Years of operation for PennantPark Investment Advisers, LLC: 17 (since 2007)

Sources:

  • (GlobeNewswire) - Press release by PennantPark Investment Corporation announcing monthly distribution for July 2024
  • Press release by PennantPark Investment Advisers, LLC on middle market credit platform