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United States. Securities and Exchange Commission

PennantPark Investment Corporation Declares Monthly Distribution of $0.08 Per Share

Strategic Insights

— 1 min read

PennantPark Investment Corporation has declared its monthly distribution for September 2024 of $0.08 per share. This distribution is expected to be paid from taxable net investment income and will be payable on October 1, 2024, to stockholders of record as of September 16, 2024. The Company, a business development company, primarily invests in U.S. middle-market private companies through first lien secured debt, second lien secured debt, subordinated debt, and equity investments. The distribution is a part of the Company's regular dividend payments, which have been a hallmark of its investment strategy.

Key Takeaways:

  • PennantPark Investment Corporation has declared a monthly distribution of $0.08 per share for September 2024.
  • The distribution is expected to be paid from taxable net investment income.
  • The distribution is payable on October 1, 2024, to stockholders of record as of September 16, 2024.
  • The Company has been paying regular dividends as part of its investment strategy.
  • PennantPark Investment Corporation primarily invests in U.S. middle-market private companies through various debt and equity instruments.
  • The Company is a business development company managed by PennantPark Investment Advisers, LLC.
  • PennantPark Investment Advisers, LLC has $8.0 billion of investable capital, including available leverage.

Statistics:

  • Monthly distribution declared: $0.08 per share.
  • Payable date: October 1, 2024.
  • Record date: September 16, 2024.
  • Total investable capital managed by PennantPark Investment Advisers, LLC: $8.0 billion.

Sources:

  • GlobeNewswire - PennantPark Investment Corporation (September 4, 2024)
  • About PennantPark Investment Corporation’s website (PennantPark.com)
  • About PennantPark Investment Advisers, LLC’s website (PennantPark.com)

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