PennantPark Investment Corporation Declares August 2024 Monthly Distribution

Strategic Insights -

PennantPark Investment Corporation, a business development company, has announced its monthly distribution for August 2024 of $0.08 per share. This distribution is payable on September 3, 2024, to stockholders of record as of August 16, 2024. The payment is expected to be made from taxable net investment income. The Company will report the specific tax characteristics of the distribution to shareholders on Form 1099 after the end of the calendar year and in its periodic report filed with the Securities and Exchange Commission.

Key Takeaways:

  • PennantPark Investment Corporation has declared a monthly distribution of $0.08 per share for August 2024, payable on September 3, 2024.
  • The distribution is expected to be paid from taxable net investment income.
  • The Company will report the specific tax characteristics of the distribution on Form 1099 after the end of the calendar year and in its periodic report filed with the Securities and Exchange Commission.
  • PennantPark Investment Corporation is a business development company that 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 Advisers, LLC, the Company's manager, has managed $7.7 billion of investable capital, including available leverage, since its inception in 2007.

Statistics:

  • August 2024 monthly distribution: $0.08 per share
  • Payment date: September 3, 2024
  • Record date: August 16, 2024
  • Distribution expected to be paid from: Taxable net investment income
  • Total investable capital managed by PennantPark Investment Advisers, LLC: $7.7 billion
  • Number of years PennantPark Investment Advisers, LLC has existed: 17 years

Sources:

  • GlobeNewswire press release, PennantPark Investment Corporation declares monthly distribution for August 2024
  • PennantPark Investment Corporation's website, About Us: Company Overview
  • PennantPark Investment Advisers, LLC's website, About Us: Company Overview