CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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PennantPark Investment Corporation (PNNT)

BDC - Debt Focused

Data as of Dec. 13, 2018
Market Price $7.28 (- $0.05)
NAV (Sept. 30, 2018) $9.11 ( $0.00)
Premium / Discount -20.09% (-0.55%)
Fund Info
Inception April 20, 2007
Sponsor PennantPark
Website www.pennantpark.com/ou...
Phone 212.905.1000
Objective: Current income and capital appreciation; senior secured loans, mezzanine debt and equity investments
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Capital & Leverage
Outstanding Shares 69,053,958
Total Assets (Reported: Sept. 30, 2018) $1,160M
Estimated Total Assets $1,113M
Net Assets $629M
Market Cap $503M
Debt-to-Equity 0.5231
Total Leverage 43.47%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 8.56%
Non Lev Exp Ratio 5.14%
Gross Asset Expense Ratio 4.71%
Gross Asset Non Lev Exp Ratio 2.83%
Rel Lev Cost 4.33%
Discount Data
Average Discount (3 Yr) -20.43%
Discount Low(3 Yr) -45.12%
Discount High(3 Yr) -5.82%
Discount Rel Range 63.69%
Comp Discount -6.13
Discount St Dev (1Yr) 3.26
Z-Stat (6mo) -0.36
Z-Stat (1Yr) 0.28
Z-Stat (3Yr) 0.05
Comp Z-Stat (6mo) 0.97
Comp Z-Stat (3Yr) 0.73
Distribution Data
Market Yield 9.89%
Income Yield 9.89%
Lev Adj NAV Yield 5.51%
Av Yield on Debt Investments 11.20
Distribution Frequency Q
Current Distribution $0.180
Current Income $0.180
Ex-Date 12/20/18
Payable Date 1/2/19
Div Growth (3yr) -35.71%
Dividend Change -35.7% on 3/2/17
Expected Div 3/6/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017
Income 100%
ST Gains 0%
QDI 2.1%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $1,611
Avg Volume 30 day 277,903
Avg Volume 90 day 221,260
Volume Trend 25.60%
Comp Volume Trend 17.24%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): SCM 46.0%
Price St Dev (1Yr) 17.8%
NAV St Dev (1Yr) 1.5%
Earnings / Share (9/30/18) $0.202
Adj Core NII Coverage 112.43%
1 Yr Avg NII Coverage 105.39%
1 Yr Avg Adj Core NII Coverage 105.39%
NII Trend -4.52%
Adj Core NII Trend -4.52%
Loan Specific Data
Maturity 4.77
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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