PennantPark Investment Corporation Declares $0.08 Monthly Dividend
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PennantPark Investment Corporation Announces Monthly Distribution
PennantPark Investment Corporation (NYSE: PNNT) has officially declared a monthly distribution of $0.08 for September 2024. This payment will be made to shareholders who are on record as of September 16, 2024, with the distribution scheduled to be processed on October 1, 2024. The funds for this distribution are expected to come from the company's taxable net investment income, giving investors a clear understanding of its origin.
Understanding the Distribution Process
Stockholders will receive comprehensive tax information for this distribution via Form 1099 following the close of the calendar year. This initiative is part of PennantPark's commitment to transparency, ensuring that shareholders are kept informed of the specifics surrounding the earnings they receive.
About PennantPark Investment Corporation
PennantPark Investment Corporation stands as a prominent business development company that concentrates its investments in U.S. middle-market private enterprises. This is primarily facilitated through a variety of financial instruments including first lien secured debt, second lien secured debt, subordinated debt, and equity investments. It is noteworthy that the management of PennantPark Investment Corporation is carried out by PennantPark Investment Advisers, LLC, which enables a robust approach toward investment and growth strategies.
PennantPark Investment Advisers, LLC: A Closer Look
PennantPark Investment Advisers, LLC is recognized as a leading platform within the middle market credit sphere, currently managing an impressive $8.0 billion in investable capital, accounting for any available leverage. Established in 2007, the firm has become a vital resource for investors seeking exposure to middle-market credit, delivering an extensive range of financing solutions that cater to private equity firms and their portfolio companies. In addition, PennantPark has expanded its reach, with headquarters in Miami and additional offices located in major cities including New York, Chicago, Houston, Los Angeles, and Amsterdam.
Contact Information
For further inquiries or detailed information about PennantPark Investment Corporation, shareholders and interested parties can reach out to:
Richard T. Allorto, Jr.
PennantPark Investment Corporation
(212) 905-1000
www.pennantpark.com
Frequently Asked Questions
What is the recent distribution amount announced by PennantPark?
PennantPark has announced a monthly distribution of $0.08 per share for September 2024.
When will the distribution be paid to shareholders?
The distribution is scheduled to be paid on October 1, 2024, to stockholders of record as of September 16, 2024.
What source will fund the distribution?
The distribution will be funded from the company's taxable net investment income.
What is the main focus of PennantPark's investments?
PennantPark primarily invests in U.S. middle-market private companies across various financial instruments.
How can investors contact PennantPark for more information?
Investors can reach out to Richard T. Allorto, Jr. at (212) 905-1000 or visit their website at www.pennantpark.com for more details.
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