PennantPark Investment Corporation Declares March Dividend Update

Author: Hannah Lewis Updated: 03-04-2025 04:17 PM

Monthly Distribution Announcement from PennantPark Investment Corporation

PennantPark Investment Corporation (NYSE: PNNT) is excited to announce its monthly distribution for March. Stockholders can expect a distribution of $0.08 per share, which will be payable on the first day of April. This distribution is available to those who are on record as stockholders by the middle of March. The company advises that the distribution will mainly come from its taxable net investment income.

About PennantPark Investment Corporation

PennantPark Investment Corporation is a prominent business development firm that focuses on investing in middle-market private companies across the United States. The company primarily engages in providing financial solutions through first lien secured debt, second lien secured debt, subordinated debt, and equity investments. The management of PennantPark Investment Corporation falls under PennantPark Investment Advisers, LLC, a trusted name in middle-market credit management.

Investment Strategies and Operations

PennantPark Investment Advisers, LLC has established itself as a major player in the middle-market credit platform, boasting a robust portfolio totaling $9.5 billion in investable capital. Since its founding in 2007, it has adeptly offered a variety of financing solutions to private equity firms and their associated portfolio companies. The firm aims to provide flexible and creative financing to meet the diverse needs of middle-market borrowers.

Company's Headquarters and Global Reach

Headquartered in Miami, PennantPark Investment Advisers has expanded its presence through several offices located in strategic cities including New York, Chicago, Houston, Los Angeles, and Amsterdam. This geographical spread allows PennantPark to maintain a comprehensive understanding of various market dynamics and client needs across different regions.

Importance of Tax Characteristics Reporting

For stockholders interested in the details of their distributions, the specific tax characteristics will be communicated through Form 1099 after the conclusion of the year. This form provides essential information on how the distributions will be taxed, which is a crucial aspect for investors when planning their finances.

Frequently Asked Questions

What is the upcoming distribution amount for PennantPark?

The upcoming distribution is set at $0.08 per share for March 2025.

When will the distribution be payable?

The distribution will be payable on April 1, 2025, to shareholders on record as of March 14, 2025.

How does PennantPark Investment Corporation invest?

PennantPark primarily invests in middle-market companies via secured debts and equity investments.

What is the role of PennantPark Investment Advisers?

PennantPark Investment Advisers manages the company's investment strategies and provides innovative financing solutions.

Where is PennantPark based?

PennantPark is headquartered in Miami, Florida, with additional offices in major cities, enhancing its operational reach.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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