secwatch.observer — SEC 8-K summary
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Issuer:     PENNANTPARK INVESTMENT CORP (PNNT)
CIK:        0001383414
Form:       8-K/A
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001171843-24-006575
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennantPark Q4 NII $0.22/share; upsizes JV to $1.5B capacity
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- Q4 net investment income $14.4M ($0.22 per share), down from $15.6M ($0.24) YoY; full year $60.1M ($0.92) vs $65.5M ($1.00).
- Adjusted NAV per share $7.56, up 0.5% quarter-over-quarter; portfolio $1.33B with weighted average yield on debt 12.3%.
- PSLF joint venture upsized: PNNT commits additional $52.5M, partner $75M; credit facility expanded from $325M to $400M, capacity over $1.5B.
- Quarterly distribution raised to $0.24 per share from $0.21; full-year distributions $0.88 vs $0.76 in prior year.
- Two portfolio companies on non-accrual (4.1% cost, 2.3% fair value); full-year net realized losses of $33.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383414/000117184324006575/0001171843-24-006575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383414/000117184324006575/f8ka_112524.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-006575

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