PennantPark Investment raises monthly distribution 14.3% to $0.08/share; reports Q2 NII $0.22

PENNANTPARK INVESTMENT CORP

Q2 NII $0.22 per share ($14.3M), down from $0.26 ($16.6M) YoY; Core NII same.
Monthly distribution raised 14.3% to $0.08/share (from $0.07); payable July 1, record June 14.
Net increase in net assets from operations $16.1M ($0.25/share), vs $4.9M ($0.07) a year ago.
Portfolio $1.24B; weighted avg yield on debt 12.5%; two non-accruals at 3.0% fair value.
NAV $7.69 per share, slightly down from $7.70 at Sep 2023; PSLF joint venture totals $923.9M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

PENNANTPARK INVESTMENT CORP reported financial results for second quarter ended March 31, 2024.

Period: second quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 8, 2024, PennantPark Investment Corporation (the "Company") issued a press release announcing its financial results for the second quarter ended March 31, 2024 and an increase of its monthly distribution.

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Source: SEC EDGAR

accession 0001171843-24-002670

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