Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 66

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 consolidated statements of operations for PSLF ($ in thousands): 

        Three Months Ended December 31,

        2024

        2023

        Investment income:

        Interest

        $
        32,953

        $
        27,107

        Other income

        523

        140

        Total investment income

        33,476

        27,247

        Expenses:

        Interest expense on credit facility and asset-backed debt

        15,643

        12,640

        Interest expense on notes to members

        7,343

        5,844

        Administration fees

        778

        568

        General and administrative expenses

        396

        197

        Total expenses

        24,160

        19,249

        Net investment income

        9,316

        7,998

        Realized and unrealized gain (loss) on investments:

        Net realized gain (loss) on investments

        (2,126
        )

        —

        Net change in unrealized appreciation (depreciation) on investments

        (1,918
        )

        943

        Net realized and unrealized gain (loss) on investments

        (4,044
        )

        943

        Net increase (decrease) in members' equity resulting from operations

        $
        5,272

        $
        8,941

      ———————————(1)  No management or incentive fees are payable by PSLF.

5. FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value, as defined under ASC 820, is the price that we would receive upon selling an investment or pay to transfer a liability in an orderly transaction to a market participant in the principal or most advantageous market for the investment or liability. ASC 820 emphasizes that valuation techniques maximize the use of observable market inputs and minimize the use of unobservable inputs. Inputs refer broadly to the assumptions that market participants would use in pricing an asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing an asset or liability based on market data obtained from sources independent of us. Unobservable inputs reflect the assumptions market participants would use in pricing an asset or liability based on the best information available to us on the reporting period date. ASC 820 classifies the inputs used to measure these fair values into