NEW YORK, April 26, 2017 /PRNewswire/ -- PennantPark Investment Corporation (Nasdaq: PNNT) and PennantPark Floating Rate Capital Ltd. (Nasdaq: PFLT), leading business development companies focused on partnering with middle-market companies and providing them with creative and flexible capital solutions, today announced a visit to the Nasdaq Stock Market to ring the Closing Bell in celebration of PNNT's ten-year listing anniversary and PFLT's six-year listing anniversary. The bell ringing is scheduled for this afternoon at 4 p.m. Eastern Time.  A live webcast will be available at https://new.livestream.com/nasdaq/live.  

Arthur Penn, Chairman and CEO of PNNT and PFLT, said: "I am proud of all that PennantPark has accomplished over the last ten years, particularly the long-standing partnerships that we have developed with our investors and the companies in which our firm invests.  PennantPark has consistently differentiated itself with a disciplined approach in selecting investments, and a demonstrated track record of effective middle-market direct lending, which we believe have provided our investors with a superior risk/reward opportunity since inception."

PennantPark has achieved many milestones since its founding in 2007, including:
  • Deploying over $6 billion in more than 430 companies (over 170 sponsors).
  • Assembling a highly regarded team of investment professionals with deep experience in middle-market direct lending, many of whom have worked together collaboratively for over two decades.
  • Managing two publicly-traded business development companies, PennantPark Investment Corporation and PennantPark Floating Rate Capital Ltd, and a private fund, PennantPark Credit Opportunities Fund II.

Mr. Penn added: "With our supremely talented team, an industry-leading credit platform and a strong and loyal base of private equity sponsors, we look forward to the next ten years of the firm's evolution as we continue to create significant value for our investors."

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