PennantPark Investment Corporation Announces Monthly Distribution
PennantPark Investment Corporation (NYSE: PNNT) has declared a monthly distribution of $0.08 for September 2024. Shareholders on record as of September 16, 2024, will receive this payment, which is set to be processed on October 1, 2024. The funds for this distribution are expected to come from the company's taxable net investment income, providing investors with clarity about its source.
Understanding the Distribution Process
Shareholders will receive detailed tax information regarding this distribution through Form 1099 after the end of the calendar year. This effort reflects PennantPark's dedication to transparency, ensuring that stockholders are well-informed about the earnings they receive.
About PennantPark Investment Corporation
PennantPark Investment Corporation is a prominent business development company focused on investing in U.S. middle-market private enterprises. The company utilizes various financial instruments, such as first lien secured debt, second lien secured debt, subordinated debt, and equity investments, to achieve its goals. Importantly, the management of PennantPark Investment Corporation is conducted by PennantPark Investment Advisers, LLC, which supports a strong investment and growth strategy.
PennantPark Investment Advisers, LLC: A Closer Look
PennantPark Investment Advisers, LLC is a leading player in the middle market credit sector, currently managing an impressive $8.0 billion in investable capital, including any available leverage. Established in 2007, the firm has become an essential resource for investors interested in middle-market credit, offering a wide range of financing solutions tailored to private equity firms and their portfolio companies. Additionally, PennantPark has broadened its presence, with its headquarters in Miami and offices in major cities like New York, Chicago, Houston, Los Angeles, and Amsterdam.
Contact Information
For more inquiries or detailed information about PennantPark Investment Corporation, shareholders and interested parties can contact:
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 using 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 additional details.
