Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 237

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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525

    Distribution payable to members

    8,500

    8,000

    Interest payable on notes to members

    5,009

    4,372

    Accounts payable and accrued expenses

    1,017

    934

    Due to affiliate

    30

    —

    Total liabilities

    1,263,792

    961,081

    Members' equity

    133,234

    112,271

    Total liabilities and members' equity
     
    $
    1,397,026

    $
    1,073,352

(1)As of December 31, 2024 and September 30, 2024, PSLF had zero unfunded commitments to fund investments.

 64

Below are the 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.

Distributions

In order to be treated as a RIC for federal income tax purposes and to not