Pennant Investment (PNNT) Reports In-Line Q1 EPS

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

February 8, 2017 4:36 PM EST

NEW YORK, NY -- (Marketwired) -- 02/08/17 -- PennantPark Investment Corporation (NASDAQ: PNNT) announces today financial results for the first fiscal quarter ended December 31, 2016.

HIGHLIGHTS Quarter ended December 31, 2016 ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio $ 1,325.5 Net assets $ 647.5 Net asset value per share $ 9.11 Credit Facility $ 136.1 2019 Notes $ 250.6 SBA debentures $ 193.4 2025 Notes $ 71.5 Yield on debt investments at quarter-end 11.9% Operating Results: Net investment income $ 15.0 Net investment income per share $ 0.21 Distributions declared per share $ 0.28 Portfolio Activity: Purchases of investments $ 229.2 Sales and repayments of investments $ 64.2 Number of new portfolio companies invested 9 Number of existing portfolio companies invested 7 Number of portfolio companies... More