# EDGAR Filing Document

**Accession Number:** 0002089126
**File Stem:** 0001193125-26-288551
**Filing Date:** 2026-6
**Character Count:** 25385
**Document Hash:** feafb4c8dd36900c9ff91bd4bd09f507
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-288551.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0001193125-26-288551

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20260629

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PennantPark Private Income Fund
- **CENTRAL INDEX KEY:** 0002089126

**ORGANIZATION NAME:**
- **EIN:** 334777837
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01920
- **FILM NUMBER:** 261136127

**BUSINESS ADDRESS:**
- **STREET 1:** 1691 MICHIGAN AVENUE
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139
- **BUSINESS PHONE:** 7862979500

**MAIL ADDRESS:**
- **STREET 1:** 1691 MICHIGAN AVENUE
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM** 8-K

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** June 29, 2026

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PennantPark Private Income Fund

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| Delaware | 000-56787 | 33-4777837 |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

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| | |
|:---|:---|
| 1691 Michigan Avenue<br>Miami Beach**,** FL | 33139 |
| **(Address of principal executive offices)** | **(Zip Code)** |

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(786) 297-9500

**(Registrant's telephone number, including area code)** 

Securities registered pursuant to Section 12(b) of the Exchange Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| **N/A** | **N/A** | **N/A** |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

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On June 29, 2026, PennantPark Private Income Fund (the "<u>Company</u>") entered into an Amended and Restated Expense Limitation and Reimbursement Agreement (the "<u>Expense Support Agreement</u>") with PennantPark Private Income Fund Advisers LLC (the "<u>Investment Adviser</u>"). The purpose of this amendment was to reflect the Investment Adviser's intention to provide broader expense support to the Company instead of a limitation on the Company's expenses. As amended, the Investment Adviser may elect to pay some or all of certain specified expenses of the Company (as described below) on the Company's behalf (each such payment, an "<u>Expense Payment</u>").

Under the terms of the Expense Support Agreement, the Company's right to receive an Expense Payment will be automatically deemed to be an asset of the Company on the last business day of the applicable quarter in which the Investment Adviser commits to make such Expense Payment. The Investment Adviser has agreed to pay Expense Payments to the Company in a combination of cash or other immediately available funds, and/or to offset such Expense Payments against amounts due to the Investment Adviser or its affiliates from the Company, not later than 45 days after such commitment is made in writing.

Under the Expense Support Agreement, "<u>Specified Expenses</u>" means the Company's costs and expenses other than: (i) the Base Management Fee (as defined in the Investment Advisory Management Agreement dated October 29, 2025, as amended (the "<u>Investment Advisory Management Agreement</u>"), by and between the Company and the Investment Adviser); (ii) the Incentive Fee (as defined in the Investment Advisory Management Agreement"); (iii) brokerage costs; (iv) dividend/interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Company or any of its subsidiaries, including any financing charges incurred in connection with a repurchase agreement or similar transaction); (v) taxes, (vi) extraordinary expenses (as determined by the Investment Adviser in its sole discretion); (vii) any Organization and Offering Expenses (as defined in that certain Expense Holiday Agreement, dated October 29, 2025 by and between the Company and the Investment Adviser); and (viii) any indirect costs of investing in other investment companies, including private funds that rely on Section 3(c)(1) or 3(c)(7) of the Investment Company Act (to the extent applicable).

Expense Payments made by the Investment Adviser will be eligible for recoupment over a rolling three-year period from the calendar quarter-end during which such Expense Payment was made. Specifically, following any calendar quarter in which Available Operating Funds (as described below) exceed the cumulative distributions declared and accrued to the Company's shareholders based on distributions declared with respect to record dates occurring in such calendar quarter (such amount, being "<u>Excess Operating Funds</u>"), the Company will pay such Excess Operating Funds, or a portion of such amount, to the Investment Adviser until all Expense Payments have been reimbursed or the three-year reimbursement payment tolls. Any payments made by the Company are referred to herein as "<u>Reimbursement Payments</u>." Under the Expense Support Agreement, "<u>Available Operating Funds</u>" means the sum of (i) the Company's net investment income as determined in accordance with U.S. Generally Accepted Accounting Principles, and (ii) dividends and other distributions paid to the Company on account of investments in portfolio companies (to the extent such amounts listed in this clause (ii) are not included in clause (i) above).

The amount of the Reimbursement Payment for any calendar quarter will equal the lesser of (i) the Excess Operating Funds in such quarter and (ii) the aggregate amount of all Expense Payments made by the Investment Adviser to the Company within three years prior to the last business day of such calendar quarter that have not been previously reimbursed by the Company. However, the Investment Adviser may defer its right to receive all or a portion of any Reimbursement Payment in any particular calendar quarter, in which case such deferred amount will remain unreimbursed Expense Payments eligible for reimbursement in future quarters pursuant to the terms of the Expense Support Agreement.

From the later of (x) the date the Company receives $185,000,000 in gross proceeds from the sale of its common shares (excluding shares purchased by the Investment Adviser or its affiliates and by the Company's directors and officers) (whether occurring before or after the termination of the Expense Support Agreement), and (y) September 16, 2027, the Company's obligation to make Reimbursement Payments, if any, will automatically become a liability of the Company on the last business day of the applicable calendar quarter, except to the extent the Investment Adviser has waived or deferred its right to receive such payment for the applicable quarter. A Reimbursement Payment for any calendar quarter will be paid by the Company to the Investment Adviser in any combination of cash or other immediately available funds as promptly as possible following such calendar quarter and in no event more than 45 days after the end of such calendar quarter.

The Expense Support Agreement shall terminate automatically on September 30, 2027. The Company's obligation to reimburse Expense Payments that have not been reimbursed by the Company to the Investment Adviser (including

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Reimbursement Payments that automatically become a liability of the Company following the termination of the Expense Support Agreement), including, without limitation, any Deferred Reimbursement Payment.

This description is only a summary of the provisions of the Expense Support Agreement and you should refer to the full Expense Support Agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated into this current report by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [<u>Amended and Restated Expense Limitation and Reimbursement Agreement, dated as of June 29, 2026, by and between PennantPark Private Income Fund and PennantPark Private Income Fund Advisers LLC.</u>](ck0002089126-ex10_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document)<br>|

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 29, 2026

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| | |
|:---|:---|
| **PennantPark Private Income Fund** | **PennantPark Private Income Fund** |
| By: | /s/ Richard T. Allorto, Jr. |
| Name: | Richard T. Allorto, Jr. |
| Title: | Chief Financial Officer |

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## Exhibit 10.1

**Execution Version**

**AMENDED & RESTATED EXPENSE SUPPORT AND CONDITIONAL REIMBURSEMENT AGREEMENT**

This Amended and Restated Expense Support and Conditional Reimbursement Agreement (the "**Agreement**") is made this June 29, 2026, and effective as of May 2, 2026 (the "**Effective Date**"), by and between PennantPark Private Income Fund, a Delaware statutory trust (the "**Company**"), and PennantPark Private Income Fund Advisers LLC, a Delaware limited liability company (the "**Investment Adviser**").

**WHEREAS**, the Company is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (the "**Investment Company Act**");

**WHEREAS**, the Company has retained the Investment Adviser to furnish investment advisory services to the Company on the terms and conditions set forth in the amended and restated investment advisory management agreement, dated October 29, 2025, entered between the Company and the Investment Adviser (the "**Investment Advisory Management Agreement**");

**WHEREAS**, the Company and the Investment Adviser entered into that certain Expense Limitation and Reimbursement Agreement, dated October 29, 2025 (the "**Initial Agreement**");

**WHEREAS**, the Company and the Investment Adviser previously determined that it was appropriate and in the best interests of the Company that the Investment Adviser may elect to pay a portion of the Company's expenses from time to time, which amounts the Company will be obligated to reimburse to the Investment Adviser at a later date if certain conditions are met; and

**WHEREAS**, the Company and the Investment Adviser have mutually determined to amend and restate the Initial Agreement to reflect the Investment Adviser's intention to provide broader expense support to the Company instead of a limitation on the Company's expenses.

**NOW**, **THEREFORE**, in consideration of the premises and for other good and valuable consideration, the parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **<u>Adviser Expense Payments to the Company</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)At such times as the Investment Adviser determines, the Investment Adviser may elect to pay some or all of the Specified Expenses of the Company on the Company's behalf (each such payment, an "**Expense Payment**"). For purposes of this Agreement, "**Specified Expenses**" mean the Company's costs and expenses other than: (i) the Base Management Fee (as defined in the Investment Advisory Management Agreement); (ii) Incentive Fee (as defined in the Investment Advisory Management Agreement); (iii) brokerage costs; (iv) dividend/interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Company or any of its subsidiaries, including, without limitation, any financing charges in connection with any repurchase agreement or similar type transaction); (v) taxes; (vi) extraordinary expenses (as determined in the sole discretion of the Investment Adviser); (vii) any Organization and Offering Expenses (as defined in that certain Expense Holiday Agreement, dated as of October 29, 2025, by and between the Company and the Investment Adviser); and (viii) the indirect costs of investing in other investment companies including private funds that rely on Section 3(c)(1) or 3(c)(7) of the Investment Company Act (to the extent applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)In making an Expense Payment, the Investment Adviser may designate, as it deems necessary or advisable, the type of expense it is paying.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Company's right to receive an Expense Payment shall automatically be an asset of the Company on the last business day of the applicable calendar quarter in which the Investment Adviser commits to

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make such Expense Payment. Any Expense Payment that the Investment Adviser has committed to pay shall be paid by the Investment Adviser to the Company in any combination of cash or other immediately available funds no later than forty-five days after such commitment was made in writing, and/or offset against amounts due from the Company to the Investment Adviser or its affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **<u>Reimbursement of Expense Payments by the Company</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Following any calendar quarter in which Available Operating Funds (as defined below) exceed the cumulative distributions accrued to the Company's shareholders based on distributions declared with respect to record dates occurring in such calendar quarter (the amount of such excess being hereinafter referred to as "**Excess Operating Funds**"), the Company shall pay such Excess Operating Funds, or a portion thereof in accordance with <u>Section 2(b)</u>, as applicable, to the Investment Adviser until such time as all Expense Payments made by the Investment Adviser to the Company within three years prior to the last business day of such calendar quarter shall have been reimbursed. Any payments required to be made by the Company pursuant to this <u>Section 2(a)</u> shall be referred to herein as a "**Reimbursement Payment**." For purposes of this Agreement, "**Available Operating Funds**" means the sum of (i) the Company's net investment income as determined under U.S. Generally Accepted Accounting Principles, and (ii) dividends and other distributions paid to the Company on account of investments in portfolio companies (to the extent such amounts listed in clause (ii) are not included under clause (i) above).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The amount of the Reimbursement Payment for any calendar quarter shall equal the lesser of (i) the Excess Operating Funds in such quarter and (ii) the aggregate amount of all Expense Payments made by the Investment Adviser to the Company within three years prior to the last business day of such calendar quarter that have not been previously reimbursed by the Company to the Investment Adviser; *provided* that the Investment Adviser may defer its right to receive all or a portion of any Reimbursement Payment in any particular calendar quarter, in which case such deferred amount shall remain unreimbursed Expense Payments eligible for reimbursement in future quarters pursuant to the terms of this Agreement (each such deferred amount, a "**Deferred Reimbursement Payment**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Commencing upon the later of (x) the Fund receiving $185,000,000 in gross proceeds from the sale of shares (whether occurring before or after the termination of this Agreement), excluding shares purchased by the Investment Adviser or its affiliates and by the Company's directors and officers and (y) September 16, 2027, the Company's obligation to make a Reimbursement Payment shall automatically become a liability of the Company on the last business day of the applicable calendar quarter, except to the extent the Investment Adviser has waived or deferred its right to receive such payment for the applicable quarter. In connection with any Reimbursement Payment, the Company may deliver a notice substantially in the form of <u>Appendix A</u>. The Reimbursement Payment for any calendar quarter shall be paid by the Company to the Investment Adviser in any combination of cash or other immediately available funds as promptly as possible following such calendar quarter and in no event later than forty-five (45) days after the end of such calendar quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All Reimbursement Payments hereunder shall be deemed to relate to the earliest unreimbursed Expense Payments made by the Investment Adviser to the Company within three years prior to the last business day of the calendar quarter in which such Reimbursement Payment obligation is accrued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Investment Adviser may waive its right to receive all or a portion of any Reimbursement Payment under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **<u>Termination and Survival</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)This Agreement shall become effective on the Effective Date and shall terminate automatically on September 30, 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)This Agreement may be terminated, without the payment of any penalty, by the Company at any time, with or without notice.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)This Agreement shall automatically terminate in the event of: (i) the termination by the Company of the Investment Advisory Management Agreement; *provided* that a new Investment Advisory Management Agreement with the Investment Adviser (or with an affiliate under common control with the Investment Adviser) does not become effective upon such termination; (ii) the board of trustees of the Company makes a determination to dissolve or liquidate the Company; or (iii) upon a quotation or listing of the Company's securities on a national securities exchange (including through an initial public offering) or a sale of all or substantially all of the Company's assets to, or a merger or other liquidity transaction with, an entity in which the Company's shareholders receive shares of a publicly-traded company which continues to be managed by the Investment Adviser or an affiliate thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Sections 3</u> and <u>4</u> of this Agreement shall survive any termination of this Agreement. Notwithstanding anything to the contrary, <u>Section 2</u> of this Agreement shall survive any termination of this Agreement with respect to any Expense Payments that have not been reimbursed by the Company to the Investment Adviser (including with respect to the Reimbursement Payments that automatically become a liability of the Company following the termination of this Agreement pursuant to Section 2(c)(x)), including, without limitation, any Deferred Reimbursement Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **<u>Miscellaneous</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The captions of this Agreement are included for convenience only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements between the parties hereto relating to the matters contained herein and may not be modified, waived or terminated orally and may only be amended by an agreement in writing signed by the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)This Agreement shall be governed by the laws of the State of New York. Each of the parties hereto irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York, in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)If any one or more of the covenants, agreements, provisions or texts of this Agreement shall be held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Company shall not assign this Agreement or any right, interest or benefit under this Agreement without the prior written consent of the Investment Adviser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)This Agreement may be executed by the parties on any number of counterparts, delivery of which may occur by facsimile or as an attachment to an electronic communication, each of which shall be deemed an original, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)For the avoidance of doubt, no separate calculation, reimbursement obligation or settlement shall be required under the Initial Agreement with respect to the period from April 1, 2026 through and including May 1, 2026, and any Specified Expenses of the Company attributable to that period shall be taken into account solely under, and in accordance with, the Expense Payment and Reimbursement Payment framework of this Agreement for the calendar quarter ending June 30, 2026.

*[Remainder of page intentionally left blank.]*

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the date first written above.

**PENNANTPARK PRIVATE INCOME FUND**

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| | |
|:---|:---|
| By: | /s/ Arthur H. Penn  |
| Name: Arthur H. Penn | Name: Arthur H. Penn |
| Title: Chief Executive Officer  | Title: Chief Executive Officer  |

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<br>**PENNANTPARK PRIVATE INCOME FUND ADVISERS LLC**

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| | |
|:---|:---|
| By: | /s/ Arthur H. Penn |
| Name: Arthur H. Penn | Name: Arthur H. Penn |
| Title: Chief Executive Officer | Title: Chief Executive Officer |

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[*Signature Page to Amended and Restated Expense Limitation and Reimbursement Agreement*]

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**Appendix A<br>**<br> <u>Form of Notice of Expense Payment or Reimbursement Payment</u>

☐ **Expense Payment**

Expense Payment Effective Date:  

Expense Payment Amount:<br>

All Expense Payments are subject to reimbursement pursuant to the terms of the Agreement.

☐ **Reimbursement Payment**

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|:---|:---|
| Reimbursement Payment Effective Date: | Reimbursement Payment Effective Date: |
|  | Reimbursement Payment Amount: |

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