PennantPark Investment Corporation announces a monthly distribution of $0.08 per share for May 2025, payable June 2, 2025.
Quiver AI Summary
PennantPark Investment Corporation has announced a monthly distribution of $0.08 per share for May 2025, which will be payable on June 2, 2025, to stockholders of record by May 15, 2025. This distribution will primarily be funded from taxable net investment income, and shareholders will receive detailed tax information on Form 1099 after the year-end. PennantPark, a business development company, invests in U.S. middle-market private companies through various debt and equity instruments and is managed by PennantPark Investment Advisers, which oversees around $10 billion in capital. The press release also includes a note about forward-looking statements and the associated risks.
Potential Positives
- The announcement of a monthly distribution of $0.08 per share demonstrates a commitment to returning value to shareholders.
- The distribution is expected to be funded from taxable net investment income, indicating financial stability and profitability.
- The scheduled payment date and record date provide clear communication to shareholders, enhancing transparency and trust in the company.
Potential Negatives
- The monthly distribution of $0.08 per share indicates a relatively low payout, which may raise concerns among investors about the company's profitability and cash flow stability.
- The reliance on taxable net investment income for the distribution might suggest limited alternative income sources, potentially signaling financial strain.
- The extensive use of forward-looking statements implies inherent uncertainties and risks associated with the company's future performance, which may alarm investors.
FAQ
What is the monthly distribution declared by PennantPark Investment Corporation for May 2025?
PennantPark Investment Corporation has declared a monthly distribution of $0.08 per share for May 2025.
When will the distribution be payable?
The distribution will be payable on June 2, 2025, to stockholders of record as of May 15, 2025.
How will the distribution be classified for tax purposes?
The distribution is expected to be paid from taxable net investment income, with specific tax characteristics reported on Form 1099.
What type of companies does PennantPark Investment Corporation invest in?
PennantPark Investment Corporation primarily invests in U.S. middle-market private companies through secured debt and equity investments.
Who manages PennantPark Investment Corporation?
PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC, which is a leading middle market credit platform.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PNNT Insider Trading Activity
$PNNT insiders have traded $PNNT stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PNNT stock by insiders over the last 6 months:
- JOSE A BRIONES purchased 3,675 shares for an estimated $24,971
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PNNT Hedge Fund Activity
We have seen 48 institutional investors add shares of $PNNT stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 437,489 shares (+inf%) to their portfolio in Q4 2024, for an estimated $3,097,422
- ARES MANAGEMENT LLC removed 367,039 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,598,636
- LEGACY CAPITAL WEALTH PARTNERS, LLC removed 220,538 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,550,382
- TWO SIGMA INVESTMENTS, LP added 178,423 shares (+24.2%) to their portfolio in Q4 2024, for an estimated $1,263,234
- CONFLUENCE INVESTMENT MANAGEMENT LLC removed 172,196 shares (-56.9%) from their portfolio in Q1 2025, for an estimated $1,210,537
- TWO SIGMA ADVISERS, LP added 127,100 shares (+10.7%) to their portfolio in Q4 2024, for an estimated $899,868
- CORNERSTONE WEALTH MANAGEMENT, LLC removed 118,991 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $836,506
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIAMI, May 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) declares its monthly distribution for May 2025 of $0.08 per share, payable on June 2, 2025 to stockholders of record as of May 15, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.
ABOUT PENNANTPARK INVESTMENT CORPORATION
PennantPark Investment Corporation is a business development company which primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing approximately $10 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
CONTACT:
Richard T. Allorto, Jr.
PennantPark Investment Corporation
(212) 905-1000
www.pennantpark.com
