Company: PNNT
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001193125-25-293703
Chunk: 88

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-11-24
Form: 10-K
Item: Item 1C
Chunk 88
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 September 30, 2025,  2024, and 2023, we sold  zero in investments to PTSF II at fair value, respectively, and recognized zero of net realized gains, respectively.As of September 30, 2025, 2024, and 2023 PNNT had a payable to PSLF and PTSF II of less than zero, $0.1 million and $4.1 million, respectively, presented as a due to affiliates on the consolidated statement of assets and liabilities.  These amounts are related to cash owed to PSLF and PTSF II from PNNT in connection with trades between the funds. As of September 30, 2025, 2024, and 2023, PNNT had a receivable from Administrator of 0.2 million, $0.2 million and zero, respectively, presented as a due from affiliates on the consolidated statement of assets and liabilities. These amounts are related to agency fees collected on behalf of the Company and trades between the funds.4. INVESTMENTSPurchases of investments, including PIK interest, for the years ended September 30, 2025, 2024, and 2023 totaled $754.3 million, $784.2 million, and $279.9 million, respectively (excluding U.S. Government Securities). Sales and repayments of investments for years ended September 30, 2025, 2024, and 2023 totaled $810.4 million, $555.4 million, and $418.6 million, respectively (excluding U.S. Government Securities).Investments and cash and cash equivalents consisted of the following ($ in thousands): 

         September 30, 2025

         September 30, 2024

         Investment Classification ($ in thousands)
          
         Cost

         Fair Value

         Cost

         Fair Value

         First lien
          
         $
         606,949

         582,373

         $
         700,390

         $
         667,926

         U.S. Government Securities

         124,809

         124,788

         99,652

         99,632

         Second lien

         18,619

         18,161

         68,470

         67,180

         Subordinated debt / corporate notes

         60,575

         60,933

         65,865