Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 3

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 5

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (Unaudited)

(In thousands, except share data)

    Three Months Ended December 31,

    2024

    2023

    Net increase (decrease) in net assets resulting from operations:

    Net investment income
     
    $
    12,992

    $
    15,658

    Net realized gain (loss) on investments and debt

    (2,560
    )

    1,831

    Net change in unrealized appreciation (depreciation) on investments

    2,361

    (4,946
    )

    Net change in provision for taxes on unrealized appreciation (depreciation) on investments

    (37
    )

    150

    Net change in unrealized appreciation (depreciation) on debt

    3,328

    (2,040
    )

    Net increase (decrease) in net assets resulting from operations

    16,084

    10,653

    Distributions to stockholders:

    Distribution of net investment income

    (15,671
    )

    (13,698
    )

    Total distributions to stockholders

    (15,671
    )

    (13,698
    )

    Net increase (decrease) in net assets

    413

    (3,045
    )

    Net assets:

    Beginning of period

    493,908

    502,187

    End of period
     
    $
    494,321

    $
    499,142

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 6

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(In thousands)

    Three Months Ended December 31,

    2024

    2023

    Cash flows from operating activities:

    Net increase (decrease) in net assets resulting from operations
     
    $
    16,084

    $
    10,653

    Adjustments to reconcile net increase (decrease) in net assets resulting from    operations to net cash provided by (used in) operating activities:

    Net change in net