PennantPark Investment Corporation reported its financial results for the first fiscal quarter ended December 31, 2024. Net investment income (NII) for the quarter was $13.0 million, or $0.20 per share, a decrease from $0.24 per share in the prior year's comparable quarter. Investment income for the quarter totaled $34.2 million.
The company's portfolio was valued at $1,298.1 million as of December 31, 2024, with first lien secured debt representing 44% of the total. Two portfolio companies were on non-accrual status, accounting for 4.3% of the portfolio at cost and 1.5% at fair value. Net unrealized appreciation on investments increased to $13.6 million.
PennantPark declared distributions of $0.24 per share for the quarter, an increase from $0.21 per share in the same period last year. Additionally, the multi-currency Truist Credit Facility was upsized to $500.0 million from $475 million in February 2025, enhancing the company's liquidity and capital resources.
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