Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 199

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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        Three Months Ended December 31,

        2024

        2023

        Numerator for net increase (decrease) in net assets resulting from operations
         
        $
        16,084

        $
        10,653

        Denominator for basic and diluted weighted average shares

        65,296,094

        65,224,500

        Basic and diluted net increase (decrease) in net assets per share resulting from operations
         
        $
        0.25

        $
        0.16

 45

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

8. CASH AND CASH EQUIVALENTS Cash equivalents represent cash in money market funds pending investment in longer-term portfolio holdings and for other general corporate purposes. Our portfolio may consist of temporary investments in U.S. Treasury Bills (of varying maturities), repurchase agreements, money market funds or repurchase agreement-like treasury securities. These temporary investments with original maturities of 90 days or less are deemed cash equivalents and are included in the Consolidated Schedule of Investments. At the end of each fiscal quarter, we may take proactive steps to preserve investment flexibility for the next quarter by investing in cash equivalents, which is dependent upon the composition of our total assets at quarter-end. We may accomplish this in several ways, including purchasing U.S. Treasury Bills and closing out positions on a net cash basis after quarter-end, temporarily drawing down on the Credit Facility, or utilizing repurchase agreements or other balance sheet transactions as are deemed appropriate for this purpose. These amounts are excluded from average adjusted gross assets for purposes of computing the Investment Adviser’s management fee. U.S. Treasury Bills with maturities greater than 60 days from the time of purchase are valued consistent with our valuation policy. As of December 31, 2024 and September 30, 2024, cash and cash equivalents consisted of money market funds, and non-money market in the amounts of $41.4 million and $38.8 million and $14.5 million and $11.1 million at fair value, respectively.

9. FINANCIAL HIGHLIGHTS Below are the financial highlights ($ in thousands, except share and per share data):  

        Three Months Ended December 31,

        2024