Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 58

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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F at fair value, and recognized $0.8 million of net realized gains. For the three months ended December 31, 2023, we sold $50.8 million in investments to PSLF at fair value, and recognized zero of net realized gains. For the three months ended December 31, 2024, we sold zero in investments to PTSF II at fair value, and recognized zero of net realized gains. For the three months ended December 31, 2023, we sold zero in investments to PTSF II at fair value, and recognized zero of net realized gains. As of December 31, 2024 and September 30, 2024, PNNT had a payable to PSLF and PTSF II of zero and less than $0.1 million, respectively, presented as a due to affiliates on the consolidated statement of assets and liabilities. These amounts are related to cash owed to PSLF and PTSF II from PNNT in connection with trades between the funds. As of December 31, 2024 and September 30, 2024, PNNT had a receivable from affiliates of $0.1 million and $0.2 million, respectively, presented as a due from affiliates on the consolidated statement of assets and liabilities. These amounts are related to agency fees collected on behalf of the Company and trades between the funds.

 33

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) - (Continued)December 31, 2024 

 4. INVESTMENTS

 Purchases of investments, including PIK interest, for the three months ended December 31, 2024 and 2023 totaled $297.9 million and $232.1 million, respectively (excluding U.S. Government Securities). Sales and repayments of investments for the three months ended December 31, 2024 and 2023 totaled $353.7 million and $71.0 million, respectively (excluding U.S. Government Securities).  Investments and cash and cash equivalents consisted of the following: 

        December 31, 2024

        September 30, 2024

        Investment Classification ($ in thousands)
         
        Cost

        Fair Value

        Cost

        Fair Value

        First lien
         
        $
        620,393

        $
        575,000