NEW YORK, May 08, 2017 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NASDAQ:PNNT) announced today financial results for the second fiscal quarter ended March 31, 2017.               
HIGHLIGHTS    
Quarter ended March 31, 2017          
($ in millions, except per share amounts)          
           
Assets and Liabilities:          
Investment portfolio     $ 1,194.5  
Net assets     $ 646.2  
Net asset value per share     $ 9.09  
           
Credit Facility     $ 88.5  
2019 Notes     $ 255.1  
SBA debentures     $ 193.6  
2025 Notes     $ 72.2  
           
Yield on debt investments at quarter-end       11.9 %
           
Operating Results:      
Net investment income     $ 16.2  
Net investment income per share     $ 0.23  
Distributions declared per share     $ 0.18  
           
Portfolio Activity:          
Purchases of investments     $ 60.5  
Sales and repayments of investments     $ 202.0  
           
Number of new portfolio companies invested       3  
Number of existing portfolio companies invested       7  
Number of portfolio companies at quarter-end       56  
           

CONFERENCE CALL AT 10:00 A.M. ET ON MAY 9, 2017

PennantPark Investment Corporation ("we," "our," "us" or "Company") will host a conference call at 10:00 a.m. (Eastern Time) on Tuesday, May 9, 2017 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 874-1571 approximately 5-10 minutes prior to the call. International callers should dial (719) 325-4849. All callers should reference PennantPark Investment Corporation. An archived replay of the call will be available through May 23, 2017 by calling (888) 203-1112. International callers please dial (719) 457-0820. For all phone replays, please reference conference ID #3262779.

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