Financial Data and Key Metrics Changes - For the quarter ended December 31, GAAP and core net investment income was $0.24 per share, while GAAP and adjusted NAV decreased by 0.6% to $7.65 per share from $7.70 per share [8][35] - The portfolio grew to $1.2 billion, representing a 16% increase from the prior quarter [8] - The debt-to-equity ratio was 1.4x as of December 31 [24] Business Line Data and Key Metrics Changes - The company invested $231 million across 12 new and 32 existing portfolio companies at a weighted average yield of 11.9% [16] - The weighted average debt to EBITDA for new portfolio companies was 3.7 times, with an interest coverage ratio of 2.4 times and a loan-to-value ratio of 55% [16] - The portfolio's weighted average leverage ratio through debt securities was 4.9 times, with an interest coverage ratio of 2.2 times [17][55] Market Data and Key Metrics Changes - The company focuses on the core middle market, targeting companies with $10 million to $50 million of EBITDA, which does not compete with the broadly syndicated loan or high-yield markets [18][20] - The company has seen a 25 basis point tightening of first lien spreads [17] Company Strategy and Development Direction - The company aims to generate attractive risk-adjusted returns through income while preserving capital, focusing on growing middle market companies with high free cash flow conversion [53] - The company has a long-term track record of financing growing middle market companies in five key sectors: business services, consumer, government services and defense, health care, and software and technology [30] - The company emphasizes the importance of meaningful covenants in its originated first lien loans, which help protect capital [20] Management's Comments on Operating Environment and Future Outlook - Management believes the current vintage of core middle market directly originated loans is excellent, with lower leverage, higher spreads, and tighter covenants compared to the upper middle market [28] - The company is well-positioned as a lender focused on capital preservation in an uncertain market environment [18] - Management noted that while credit quality is stable, some companies may need amendments and extensions if high base rates persist [65] Other Important Information - The portfolio remains highly diversified with 139 companies across 30 different industries, and 96% of the debt portfolio is floating rate [55] - The company has invested over $448 million in equity co-investments, generating an IRR of 26% and a multiple on invested capital of 2.1 times [21] Q&A Session Summary Question: What was the origination activity late in the quarter? - About 40% of the origination was done in December [39] Question: Any changes in the attractiveness of sectors? - The company has been very active in defense and government services due to geopolitical tailwinds, while being cautious in consumer sectors [40][42] Question: Are there any signs of weakness in the portfolio? - Management underwrites assuming a recession, and while credits are performing well, some companies may need relief if high base rates continue [65] Question: What drove the depreciation this quarter? - The depreciation was broad across the book, with specific loans marked down including Flock Financial and Walker Edison [51] Question: What is the current PIK income percentage? - PIK income was about 3% of total income for the quarter [91]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00736 PENNANTPARK INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00736 PENNANTPARK INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) MARYLAND 20-8250744 (State or other jur ...

PennantPark Investment Corporation (NYSE:PNNT) Q4 2023 Earnings Conference Call November 16, 2023 12:00 PM ET Corporate Participants Art Penn - Chairman and Chief Executive Officer Rick Allorto - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Max Mosbacher - Truth Securities Kyle Joseph - Jefferies Melissa Wedel - JPMorgan Operator Good afternoon and welcome to PennantPark Investment Corporations Fourth Fiscal Quarter 2023 Earnings Conference Call. Today' ...

PennantPark Investment Corporation (NYSE:PNNT) Q3 2023 Results Conference Call August 10, 2023 12:00 PM ET Company Participants Art Penn - Founder, Chairman, Managing Partner & CEO Richard Allorto - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James C.J. Alex - Compass Point Research Paul Johnson - KBW Mark Hughes - Truist Kyle Joseph - Jefferies Melissa Wedel - JPMorgan Operator Good afternoon, and welcome to the PennantPark Investment Corporation's Third Fiscal Quarter 2023 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00736 PENNANTPARK INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

PennantPark Investment Corporation (NYSE:PNNT) Q2 2023 Earnings Conference Call May 11, 2023 ET Company Participants Art Penn - Chairman and CEO Rick Allorto - CFO Conference Call Participants Paul Johnson - KBW Robert Dodd - Raymond James Kyle Joseph - Jefferies Mickey Schleien - Ladenburg Mark Hughes - Truist. Melissa Wedel - JP Morgan Casey Alexander - Compass Point Operator Good afternoon and welcome to the PennantPark Investment Corporation's Second Fiscal Quarter 2023 Earnings Conference Call. Today's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00736 PENNANTPARK INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

PennantPark Investment Corporation (NYSE:PNNT) Q1 2023 Earnings Conference Call February 9, 2023 12:00 PM ET Company Participants Art Penn - Founder, Managing Partner, Chairman and CEO Rick Allorto - CFO Conference Call Participants Robert Dodd - Raymond James Ryan Lynch - KBW Casey Alexander - Compass Point Mickey Schleien - Ladenburg Thalmann Mike Ramirez - Truist Securities Melissa Wedel - JPMorgan Operator Good afternoon and welcome to the PennantPark Investment Corporation's First Fiscal Quarter 2023 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00736 PENNANTPARK INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...