Company: PNNT
Filing Date: 2025-08-21
Form Type: 40-17G
Source: 0001193125-25-185310
Chunk: 23

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-08-21
Form: 40-17G
Chunk 23
---
| Q. | This bond does not cover loss resulting from any violation by the Insured or by any Employee: |

| 1. | of law regulating: (i) the issuance, purchase or sale of securities; (ii) securities transactions               
 upon security exchanges or over the counter market; (iii) investment companies; or (iv) investment advisers; or |

| 2. | of any rule or regulation made pursuant to any such law, |

unless it is established by the Insured that the act or acts that caused said loss involved fraudulent or dishonest conduct that would have caused a covered loss to the Insured in a similar amount in the absence of such laws, rules or regulations.

| R. | This bond does not cover loss resulting directly or indirectly from the failure of a financial or depository                                                                                                                            
 institution, or its receiver or liquidator, to pay or deliver, on demand of the Insured or an Investment Adviser, funds or Property of the Insured held by it in any capacity, except when covered under Insuring Agreement A or B.1.a. |

| S. | This bond does not cover loss involving any Uncertificated Security except an Uncertificated Security 
 of any Federal Reserve Bank of the United States or when covered under Insuring Agreement A, E or I.  |

| IVBB-16001 Ed. 01-16 © 2016 The Travelers 
 Indemnity Company. All rights reserved.   |     | Page 17 of 25 |

| T. | This bond does not cover under Insuring Agreement I, in addition to all of the other exclusions, loss: |

| 1. | resulting directly or indirectly from entries or changes made by an individual authorized to have access to a                                                                                                                                      
 Computer System, who acts in good faith on instructions or advices received by telegraph, teletype, human voice over a telephone, or by any other means, unless such instructions or advices are given to that individual by a software contractor 
 (or by a partner, officer or employee thereof) authorized by the Insured or an Investment Adviser to design, develop, prepare, supply, service, write, or implement programs for the Computer System, except when covered under Insuring           
 Agreement I.2.;                                                                                                                                                                                                                                    |

| 2. | caused by an employee or director of an automated clearing house (including a Federal Reserve Bank), service                                                                       
 bureau, electronic communications systems (including Fedwire, CHIPS and