Company: PNNT
Filing Date: 2025-12-17
Form Type: 40-APP
Source: 0001193125-25-322955
Chunk: 6

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-12-17
Form: 40-APP
Chunk 6
---
 investment company registered under the 1940 Act), and any direct or indirect, 
 wholly- or majority-owned subsidiary of an Adviser or its affiliates (other than an open-end investment company registered under the 1940 Act), that is participating in a Co-Investment Transaction in a principal capacity; or (c) any entity that      
 would be an investment company but for Section 3(c) of the 1940 Act or Rule 3a-7 thereunder and whose investment adviser is an Adviser.                                                                                                                   |

To the extent that an entity described in clause (b) is not advised by an Adviser, such entity shall be deemed to be an Adviser for purposes of the conditions.

| 6 | “Co-Investment Transaction” means the acquisition or Disposition of securities of an    
 issuer in a transaction effected in reliance on the Order or previously granted relief. |

| 7 | “Adviser” means PennantPark and any other investment adviser controlling, controlled                                  
 by, or under common control with PennantPark. The term “Adviser” also includes any internally-managed Regulated Fund. |

4

| II. | GENERAL DESCRIPTION OF THE APPLICANTS |

A. PNNT PNNT was organized as a Maryland corporation on January 11, 2007. PNNT is a closed-end,externally managed, non-diversifiedinvestment company that has elected to be regulated as a BDC under the 1940 Act. PNNT has elected to be treated as a regulated investment company (“ RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “ Code”), and intends to continue to qualify as a RIC in the future. PNNT’s principal place of business is 1691 Michigan Avenue, Suite 500, Miami Beach, FL 33139. PNNT’s investment objective is to generate both current income and capital appreciation through debt and equity investments. PNNT has a five-member board (the “ PNNT Board”), of which four members are not “interested” persons of the Fund within the meaning of Section 2(a)(19) of the 1940 Act. 9 B. PFLT PFLT was formed as a Maryland corporation on October 28, 2010. PFLT is a closed-end,externally managed, non-diversifiedinvestment company that has elected to be regulated as a BDC under the 1940 Act. PFLT has elected to be treated as a RIC under