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 BDC

Data as of Sept. 28, 2020
Market Price $3.25 (+ $0.10)
NAV (June 30, 2020) $7.82 ( $0.00)
Premium / Discount -58.44% (+1.28%)
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
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 67,045,105
Total Assets (Reported: June 30, 2020) $1,391M
Estimated Total Assets $1,343M
Net Assets $524M
Market Cap $218M
Debt-to-Equity 1.3691
Total Leverage 60.96%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 10.43%
Non Lev Exp Ratio 4.42%
Gross Asset Expense Ratio 4.15%
Gross Asset Non Lev Exp Ratio 1.76%
Rel Lev Cost 3.92%
Discount Data
Average Discount (3 Yr) -29.72%
Discount Low(3 Yr) -77.82%
Discount High(3 Yr) -13.75%
Discount Rel Range 30.24%
Comp Discount -32.91
Discount St Dev (1Yr) 16.01
Z-Stat (6mo) -0.15
Z-Stat (1Yr) -0.84
Z-Stat (3Yr) -1.97
Comp Z-Stat (6mo) -0.46
Comp Z-Stat (3Yr) -0.80
Distribution Data
Market Yield 14.77%
Income Yield 14.77%
Lev Adj NAV Yield 3.81%
Av Yield on Debt Investments 8.70
Distribution Frequency Q
Current Distribution $0.120
Current Income $0.120
Ex-Date 9/16/20
Payable Date 10/1/20
Div Growth (3yr) -33.33%
Dividend Change -33.3% on 6/2/20
Expected Div 12/2/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2019 2017 - 2019
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0.7%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $865
Avg Volume 30 day 317,344
Avg Volume 90 day 266,239
Volume Trend 19.20%
Comp Volume Trend 17.76%
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): PFLT 93.0%
Price St Dev (1Yr) 78.2%
NAV St Dev (1Yr) 12.4%
Earnings / Share (6/30/20) $0.164
Adj Core NII Coverage 140.24%
1 Yr Avg NII Coverage 107.81%
1 Yr Avg Adj Core NII Coverage 118.02%
NII Trend 5.90%
Adj Core NII Trend -9.30%
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 % 1.00%
% Loans with Libor Floor 79%


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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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