PNNT News & Events

The company said, "Beginning with the dividend payable in April, the total monthly dividend will remain at $0.08 per share but will be comprised of a $0.04 per share monthly base dividend and $0.04 per share monthly supplemental dividend. The base dividend is expected to be fully supported by current core net investment income and the supplemental dividend will be supported by our undistributed spillover income. We anticipate maintaining the supplemental dividend payment through December 2026."

Reports Q1 NAV per share $7.00. "The realization of our equity investment in JF Intermediate, LLC for $67.5 million was a meaningful milestone in PNNT's ongoing equity rotation strategy," said Art Penn, Chairman and CEO. "We are pleased with the recent upsize of our Credit Facility which included amending the terms to have lower pricing which will benefit our shareholders."