Company: PNNT
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001193125-25-293703
Chunk: 95

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-11-24
Form: 10-K
Item: Item 1C
Chunk 95
---
         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										5. FAIR VALUE OF FINANCIAL INSTRUMENTSFair value, as defined under ASC 820, is the price that we would receive upon selling an investment or pay to transfer a liability in an orderly transaction to a market participant in the principal or most advantageous market for the investment or liability. ASC 820 emphasizes that valuation techniques maximize the use of observable market inputs and minimize the use of unobservable inputs. Inputs refer broadly to the assumptions that market participants would use in pricing an asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing an asset or liability based on market data obtained from sources independent of us. Unobservable inputs reflect the assumptions market participants would use in pricing an asset or liability based on the best information available to us on the reporting period date.

103

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)September 30, 2025 

ASC 820 classifies the inputs used to measure these fair values into the following hierarchies:Level 1: Inputs that are quoted prices (unadjusted) in active markets for identical assets or liabilities, accessible by us at the measurement date.Level 2: Inputs that are quoted prices for similar assets or liabilities in active markets, or that are quoted prices for identical or similar assets or liabilities in markets that are not active and inputs that are observable for the asset or liability, either directly or indirectly, for