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Pennantpark Investment ( (PNNT) ) just unveiled an announcement.
On February 5, 2025, PennantPark Investment Corporation announced a monthly distribution of $0.08 per share for February 2025, payable on March 3, 2025, to stockholders of record as of February 18, 2025. This distribution is expected to be paid from taxable net investment income, and its final tax characteristics will be reported after the end of the calendar year. This announcement reflects the company’s ongoing financial strategies and can impact stakeholders by providing consistent returns, showcasing its commitment to maintaining reliable investment income distribution.
More about Pennantpark Investment
PennantPark Investment Corporation is a business development company that specializes in investing in U.S. middle-market private companies. Its investment focus includes first lien secured debt, second lien secured debt, subordinated debt, and equity investments. The company is managed by PennantPark Investment Advisers, LLC, a middle market credit platform managing $9.0 billion of investable capital, providing flexible financing solutions to private equity firms and middle-market borrowers.
YTD Price Performance: 1.00%
Average Trading Volume: 524,006
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $461.6M
See more insights into PNNT stock on TipRanks’ Stock Analysis page.
