CEF Advisors AICA Event NAVigator Podcast

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

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

PennantPark Investment Corporation (PNNT)

BDC - Debt Focused BDC

Data as of June 2, 2023
Market Price $5.60 (+ $0.07)
NAV (March 31, 2023) $7.60 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -26.32% (+0.92%)
Fund Info
Inception April 20, 2007
Sponsor PennantPark
Website www.pennantpark.com/ou...
Phone 212.905.1000
Location New York
Incorporated Massachusetts
Staggered Board Yes
Objective: Current income and capital appreciation; senior secured loans, mezzanine debt and equity investments
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
Capital & Leverage
Outstanding Shares 65,224,500
Total Assets (Reported: March 31, 2023) $1,216M
Estimated Total Assets $1,106M
Net Assets $496M
Market Cap $365M
Portfolio Turnover 24.22%
Debt-to-Equity 1.3542
Total Leverage 55.16%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 14.58%
Non Lev Exp Ratio 6.75%
Gross Asset Expense Ratio 6.48%
Gross Asset Non Lev Exp Ratio 3.00%
Rel Lev Cost 6.31%
Discount Data
Average Discount (3 Yr) -35.73%
Discount Low(3 Yr) -63.65%
Discount High(3 Yr) -18.94%
Discount Rel Range (3 Yr) 83.50%
Comp Discount -14.40
Discount St Dev (1Yr) 4.79
Z-Stat (6mo) 0.63
Z-Stat (1Yr) 1.19
Z-Stat (3Yr) 0.89
Comp Z-Stat (6mo) 0.85
Comp Z-Stat (3Yr) 1.19
Distribution Data
Market Yield 14.29%
Income Yield 14.29%
Lev Adj NAV Yield 6.78%
Av Yield on Debt Investments 12.10
Distribution Frequency Q
Current Distribution $0.200
Current Income $0.200
Ex-Date 6/14/23
Payable Date 7/3/23
Div Growth (3yr) 66.67%
Dividend Change 8.1% on 5/9/23
Expected Div 8/2/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 2.0% 3.7%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $2,060
Avg Volume 30 day 412,788
Avg Volume 90 day 367,858
Volume Trend 12.21%
Comp Volume Trend 23.42%
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): PSEC 80.0%
Price St Dev (1Yr) 27.2%
NAV St Dev (1Yr) 16.3%
Earnings / Share (3/31/23) $0.255
Adj Core NII Coverage 131.01%
1 Yr Avg NII Coverage 101.51%
1 Yr Avg Adj Core NII Coverage 107.49%
NII Trend 36.89%
Adj Core NII Trend 46.36%
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%


CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.