Ladenburg Thalmann Upgrades PennantPark Investment (PNNT) to Buy
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PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2016, Adjusts Quarterly Distribution for 2017, and Extends Fee Waiver
November 21, 2016 4:05 PM ESTNEW YORK, NY -- (Marketwired) -- 11/21/16 -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2016, an adjustment to its quarterly distribution for 2017 and extension of the previously announced fee waiver.
HIGHLIGHTS
Quarter ended September 30, 2016 ($ in millions, except per share amounts)
Assets and Liabilities: Investment portfolio $ 1,153.7 Net assets $ 643.4 Net asset value per share $ 9.05 Credit Facility $ 39.6 2019 Notes $ 254.2 SBA debentures $ 193.2 2025 Notes $ 72.6 Yield on debt investments at quarter-end 11.9% Operating Results: Quarter Year Ended Ended September September 30, 2016 30, 2016 ------------ ------------ Net investment income $ 70.6 $ 15.2 Net investment income per share $ 0.99 $ 0.21 Distributions... More
