Company: PNNT
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001193125-25-293703
Chunk: 14

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-11-24
Form: 10-K
Item: Item 1C
Chunk 14
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 September 30, 2025, certain information in our registration statement on Form N-2 (File No. 333-263564), most recently declared effective by the SEC on April 28, 2022. The following table will assist you in understanding the various costs and expenses that an investor in shares of our common stock will bear directly or indirectly. However, we caution you that some of the percentages indicated in the table below are estimates and may vary from actual results. The following table should not be considered a representation of our future expenses. Actual expenses may be greater or less than shown. Except where the context suggests otherwise, whenever reference is made to fees or expenses paid by “you” or “us” or that “we” will pay, stockholders will indirectly bear such fees or expenses as investors in us.  

       Stockholder transaction expenses

       Sales load (as a percentage of offering price)

       —
       %
       (1)

       Offering expenses (as a percentage of offering price)

       —
        
       (2)

       Dividend reinvestment plan expenses

       —
        
       (3)

       Total stockholder expenses (as a percentage of offering price)

       —

       Estimated annual expenses (as a percentage of average net assets attributable to common shares)(4)

       Management fees

       3.33
        
       (5)

       Incentive fees

       2.01
        
       (6)

       Interest on borrowed funds

       8.56
        
       (7)

       Acquired fund fees and expenses

       12.83
        
       (8)

       Other expenses

       1.80
        
       (9)

       Total estimated annual expenses

       28.53
       %
       (10)
      
      (1)In the event that the securities to which any applicable prospectus relates are sold to or through underwriters or agents, a corresponding prospectus supplement will disclose the applicable sales load.(2)In the event that we conduct an offering of our securities, a corresponding prospectus supplement will disclose the estimated amount of offering expenses, the offering price and the offering expenses borne by us as a percentage of the offering price. (3)The expenses of the dividend reinvestment plan are included in “Other expenses.” (4)Net assets attributable to common shares equals average net assets as of September 30, 2025. (5)The contractual management fee is calculated at an annual