PennantPark Investment Corporation Declares Monthly Distribution of Eight Cents Per Share

PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

PennantPark Investment Corporation (NASDAQ: PNNT), a publicly traded business development company, announced today that its Board of Directors has declared a monthly distribution of $0.08 per share for the month of April.

The distribution will be paid on May 15, 2023, to shareholders of record as of April 30, 2023. The distribution represents a monthly dividend yield of approximately 6.4% based on the company's current stock price.

"We are pleased to continue to deliver a consistent and attractive dividend yield to our shareholders," said Arthur Deigh, PennantPark's Chief Executive Officer. "Our strong financial performance and disciplined investment approach have enabled us to maintain our monthly distribution rate, which we believe is an attractive feature of our investment strategy."

PennantPark Investment Corporation is a publicly traded business development company that invests primarily in middle market companies in the form of amortizing loans and investments. The company's investment objective is to generate current income and capital appreciation by lending to and investing in middle market companies.

About PennantPark Investment Corporation PennantPark Investment Corporation is a publicly traded business development company that invests primarily in middle market companies in the form of amortizing loans and investments. The company's investment objective is to generate current income and capital appreciation by lending to and investing in middle market companies. PennantPark is headquartered in New York City and listed on the NASDAQ Global Select Market under the ticker symbol PNNT. For more information, visit our website at www.pennantpark.com.