PennantPark reports FY2023 NII $1.00/share, declares $0.21 dividend; discloses material control weaknesses

PENNANTPARK INVESTMENT CORP

Net investment income $15.6M ($0.24/share) for Q4, $65.5M ($1.00/share) for FY2023; Core NII $0.84/share excluding special dividends.
Adjusted NAV per share $7.70; total portfolio $1.0B, weighted average yield on debt 13.0% at quarter end.
Expects to report material weaknesses in internal control over cash reconciliations and interest income analysis; no impact on financial statements expected.
Declared distributions $0.21/share quarterly, $0.76 for FY2023; net investment income covers dividend by healthy margin.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

PENNANTPARK INVESTMENT CORP reported preliminary financial results for fourth quarter and fiscal year ended September 30, 2023.

Period: fourth quarter and fiscal year ended September 30, 2023
Result: preliminary results

Exact text from the filing

On November 15, 2023, PennantPark Investment Corporation, or the Company, issued a press release announcing its financial results for the fourth quarter and fiscal year ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-064179

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