October Announcement: Monthly Distribution by PennantPark Investment
PennantPark Investment Corporation Announces Monthly Distribution
PennantPark Investment Corporation, known for its involvement in the U.S. middle-market segment, has declared a monthly distribution for October of $0.08 per share. This distribution is set to be payable on a specified date, ensuring that stockholders receive their dividends in a timely manner.
Details of the Distribution
The company has stated that the distribution will be paid out from taxable net investment income. Stockholders of record will be notified about the distribution specifics. To keep investors informed, as usual, the firm plans to report the final tax characteristics of the distribution via Form 1099 after the calendar year concludes.
Who is PennantPark Investment Corporation?
PennantPark Investment Corporation operates as a dedicated business development company. It primarily makes investments in middle-market private firms across the United States. Their investment strategies include financing through first lien secured debt, second lien secured debt, subordinated debt, and equity investments.
Management by PennantPark Investment Advisers, LLC
This company is expertly managed by PennantPark Investment Advisers, LLC. This adviser is recognized as a prominent middle-market credit platform, skillfully managing upwards of $8.0 billion in investable capital, which encompasses available leverage. Since its inception, the adviser has enabled investors to access middle-market credit through various creative and flexible financing solutions, catering to a diverse set of clients.
Locations and Operations
PennantPark Investment Advisers has a broad presence with headquarters located in Miami and additional offices situated in key cities such as New York, Chicago, Houston, Los Angeles, and Amsterdam. This extensive reach allows them to better serve their clientele while remaining actively engaged in diverse markets.
What to Expect Moving Forward
As PennantPark Investment Corporation continues to navigate the complexities of the investment landscape, stockholders can anticipate prompt communication regarding distributions and tax implications. By maintaining transparency, the corporation aims to foster trust and enhance investor relationships.
Frequently Asked Questions
What is the amount of the monthly distribution?
The declared monthly distribution amount is $0.08 per share.
When will the distribution be paid?
The distribution is scheduled to be paid on a specified date to stockholders of record.
What types of investments does PennantPark make?
PennantPark invests primarily in U.S. middle-market private companies through various forms of debt and equity investments.
Who manages PennantPark Investment Corporation?
PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC, a well-regarded firm in middle-market credit.
Where are PennantPark's offices located?
PennantPark has offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.
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