Company: PNNT
Filing Date: 2025-12-17
Form Type: 40-APP
Source: 0001193125-25-322955
Chunk: 3

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-12-17
Form: 40-APP
Chunk 3
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 exemptive order issued by the Commission on October 28, 2022 (the “ Prior Order”) 2that was granted pursuant to Sections 57(a)(4), 57(i) and Rule 17d-1,with the result that no person will continue to rely on the Prior Order if the Order is granted.

| • |     | PennantPark Investment Corporation, a closed-end management investment                                          
 company that has elected to be regulated as a business development company (“BDC”) under the 1940 Act (“PNNT”); |

| • |     | PennantPark Floating Rate Capital Ltd., a closed-end management        
 investment company that has elected to be regulated as a BDC (“PFLT”); |

| • |     | PennantPark Private Income Fund, a closed-end management investment company that has elected to be regulated as a 
 BDC (“PPIF”);                                                                                                     |

| • |     | PennantPark Enhanced Income Fund, a registered closed-end management investment company 
 (“PEIF” and, together with PNNT, PFLT and PPIF, the “Existing Regulated Funds”);        |

| • |     | PennantPark Investment Advisers, LLC, the investment adviser to the Existing Regulated Funds and the Existing 
 Affiliated Funds (as defined below), on behalf of itself and its successors (“PennantPark”);                  |

| • |     | Each investment vehicle set forth on Schedule A hereto, each of which is a separate and distinct legal entity and                           
 each of which is a Wholly-Owned Investment Sub (as defined below) of an Existing Regulated Fund (the “Existing Wholly-Owned Subsidiaries”); |

| • |     | Each investment vehicle set forth on Schedule B hereto, each of which is a separate and distinct legal entity and      
 each of which is a Joint Venture (as defined below) of an Existing Regulated Fund (the “Existing Joint Ventures”); and |

| • |     | Each investment fund set forth on Schedule C hereto, each of which is a separate and distinct legal entity and                                                                                                     
 each of which would be an investment company but for Section 3(c)(7) of the 1940 Act (the “Existing Affiliated Funds” and, together with the Existing Regulated Funds, the Existing Wholly-Owned Subsidiaries, the 
 Existing Joint Ventures, and PennantPark, the “Applicants”).3                                                                                                                                                      |

| 1 | Unless otherwise indicated