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Dec 31, 2023
PennantPark Q1 2024 Earnings Report
Announced financial results indicating solid net investment income exceeding the dividend.
Key Takeaways
PennantPark Investment Corporation reported a solid net investment income for the quarter ended December 31, 2023, which exceeded its dividend. The earnings stream was robust, driven by returns from the PSLF Joint Venture.
Portfolio totaled $1,210.8 million as of December 31, 2023.
Invested $231.1 million in 12 new and 32 existing portfolio companies during the quarter.
Net investment income totaled $15.7 million, or $0.24 per share, for the quarter.
Declared distributions of $0.21 per share, totaling $13.7 million.
Forward Guidance
This press release contains forward-looking statements subject to 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 SEC.
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