Contact Information: Contact: Aviv Efrat PennantPark Investment Corporation (212) 307-3280 Or visit us on our website at: www.pennantpark.com
PennantPark Investment Corporation Announces Dividend of $0.14 per Share
| Source: PennantPark Investment Corporation
NEW YORK, NY--(Marketwire - June 11, 2007) - PennantPark Investment Corporation (the
"Company") (NASDAQ: PNNT) announces that it has declared a dividend of
$0.14 per share for the period ended June 30, 2007, payable on June 29,
2007 to shareholders of record as of June 22, 2007. The ex-dividend date is
June 20, 2007. Dividends are being paid from taxable earnings whose
specific tax characteristics will be reported to shareholders on Form 1099
after the end of the calendar year. This dividend represents a 5.1%
annualized dividend yield based on a price of $15 per share and the 67 day
period between the closing of the Company's initial public offering on
April 24, 2007 and June 30, 2007. The Company is a business development
company that invests primarily in U.S. middle-market companies in the form
of senior secured loans, mezzanine loans and equity.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical facts included in this press
release are forward-looking statements and are not guarantees of future
performance or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including
those described from time to time in filings with the Securities and
Exchange Commission. The Company undertakes no duty to update any
forward-looking statements made herein. All forward-looking statements
speak only as of the date of this press release.