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Mar 31, 2020
PennantPark Q2 2020 Earnings Report
Announced financial results for the second fiscal quarter ended March 31, 2020.
Key Takeaways
PennantPark Investment Corporation announced financial results for the second fiscal quarter ended March 31, 2020. The portfolio totaled $1,354.0 million. Net investment income totaled $10.3 million, or $0.15 per share. The company extended a full incentive fee waiver for the next two quarters through September 2020 and adjusted the dividend to 12 cents per share starting with the June 2020 quarter.
Portfolio totaled $1,354.0 million as of March 31, 2020.
Net investment income totaled $10.3 million, or $0.15 per share, for the three months ended March 31, 2020.
The company extended a full incentive fee waiver for the next two quarters through September 2020.
Adjusted dividend to 12 cents per share starting with the June 2020 quarter.
Revenue by Segment
Forward Guidance
Given the uncertain economic environment due to the pandemic, the company has concluded, in consultation with the board, that it is prudent to adjust the dividend to 12 cents per share starting with the June 2020 quarter and extend a full incentive fee waiver for the next two quarters through September 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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