Pennant Investment (PNNT) Reports In-Line Q2 EPS

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PennantPark Investment Corporation Announces Financial Results for the Quarter Ended March 31, 2016

May 4, 2016 4:07 PM EDT

NEW YORK, NY -- (Marketwired) -- 05/04/16 -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the second fiscal quarter ended March 31, 2016.

HIGHLIGHTS Quarter ended March 31, 2016 ($in millions, except per share amounts) Assets and Liabilities: Investment portfolio $ 1,231.5 Net assets $ 627.6 Net asset value per share $ 8.83 Credit Facility $ 128.8 2019 Notes $ 247.2 SBA debentures $ 168.5 2025 Notes $ 67.1 Yield on debt investments at quarter-end 11.9% Operating Results: Net investment income $ 20.8 Net investment income per share $ 0.29 Distributions declared per share $ 0.28 Portfolio Activity: Purchases of investments $ 86.5 Sales and repayments of investments $ 92.9 Number of new portfolio companies invested 2 Number of existing portfolio companies invested 4 Number of portfolio companies at... More