PennantPark Investment Corp (PNNT)

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About PennantPark Investment Corporation PNNT -PennantPark Investment Corporation (Nasdaq: PNNT) is an externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940 and as a regulated investment company, or RIC.

PennantPark's investment objectives are to generate both current income and capital appreciation through debt and equity investments. We invest primarily in U.S. middle-market private companies in the form of senior secured loans, mezzanine debt and equity investments. The companies in which we invest are typically highly leveraged, often as a result of leveraged buy-outs or other recapitalization transactions. We expect that our investments in senior secured loans, mezzanine loans and other investments will range between $10 million and $50 million each, although this investment size will vary proportionately with the size of our capital base.