Company: PNNT
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001193125-25-293703
Chunk: 48

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-11-24
Form: 10-K
Item: Item 1C
Chunk 48
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     30,436

     24,861

     Administration services expense

     3,457

     2,423

     General and administrative expenses

     1,494

     1,360

     Expenses before debt issuance costs

     103,362

     83,049

     Debt issuance costs

     250

     —

     Total expenses

     103,612

     83,049

     Net investment income

     36,764

     32,205

     Realized and unrealized gain (loss) on investments and debt:

     Net realized gain (loss) on investments

     (9,215
     )

     (2,838
     )

     Net realized gain (loss) on debt extinguishment

     (187
     )

     —

     Net change in unrealized appreciation (depreciation) on investments

     (18,344
     )

     1,462

     Net realized and unrealized gain (loss) on investments

     (27,746
     )

     (1,376
     )

     Net increase (decrease) in members' equity resulting from operations
      
     $
     9,018

     $
     30,829

    * No management or incentive fees are payable by PSLF.  DistributionsIn order to be treated as a RIC for federal income tax purposes and to not be subject to corporate-level tax on undistributed income or gains, we are required, under Subchapter M of the Code, to annually distribute dividends for U.S. federal income tax purposes to our stockholders out of the assets legally available for distribution of an amount generally at least equal to 90% of our investment company taxable income, determined without regard to any deduction for dividends paid.Although not required for us to maintain our RIC tax status, in order to preclude the imposition of a 4% nondeductible federal excise tax imposed on RICs, we must distribute dividends for U.S. federal income tax purposes to our stockholders in respect of each calendar year an amount at least equal to the Excise Tax Avoidance Requirement. In addition, although we may distribute realized net capital gains (i.e., net long-term capital gains in excess of net short-term capital losses), if any, at least annually, out of the assets legally available for such distributions in the manner described above, we have retained and may continue to retain such net capital gains or