Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 73

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 per unit (6)
         
        $
        1,638

        $
        1,706

        Portfolio turnover ratio* (7)

        24.90
        %

        5.34
        %
       
      * Not annualized for periods less than one year.**Re-occurring investment income and expenses included in these ratios are annualized for periods less than one year.***The expense and investment income ratios do not reflect the Company's proportionate share of income and expenses of PSLF and PTSF II.(1)Based on the weighted average shares outstanding for the respective periods.(2)The tax status of distributions is calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP, and reported on Form 1099-DIV each calendar year.(3)Based on the change in market price per share during the periods and assumes distributions, if any, are reinvested.(4)Excludes debt-related costs.(5)Includes interest and expenses on debt (annualized) as well as Credit Facility amendment, debt issuance costs and excludes debt extinguishment cost, if any, (not annualized).(6)The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by the senior securities representing indebtedness at par (changed from fair value). This asset coverage ratio is multiplied by $1,000 to determine the asset coverage per unit. These amounts exclude SBA debentures from our asset coverage per unit computation pursuant to exemptive relief received from the SEC in June 2011.(7)Excludes short-term U.S. Government Securities

10. DEBT The annualized weighted average cost of debt for the three months ended December 31, 2024 and 2023, inclusive of the fee on the undrawn commitment and amendment costs on the Truist Credit Facility and amortized upfront fees on SBA debentures, 2026 Notes and 2026 Notes-2, was 6.2% and 6.4%, respectively. As of December 31, 2024, in accordance with the 1940 Act, with certain limited exceptions, we are only allowed to borrow amounts such that we are in compliance with a 150% asset coverage ratio  after such borrowing. On February 5, 2019, our stockholders approved the application of the modified asset coverage requirements set forth in Section