Form 8-K

8-K — PENNANTPARK INVESTMENT CORP

Accession: 0001171843-26-003159

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0001383414

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — f8k_050726.htm (Primary)

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Form 8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026

_______________________________

PennantPark Investment Corporation

(Exact name of registrant as specified in its charter)

_______________________________

Maryland 814-00736 20-8250744

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

1691 Michigan Avenue

Miami Beach, Florida 33139

(Address of Principal Executive Offices) (Zip Code)

(786) 297-9500

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.001 per share PNNT The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 7, 2026, PennanrPark Investment Corporation issued a press release announcing its financial results for the second fiscal quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report pursuant to Item 2.02 on Form 8-K and Regulation FD.

The information in this report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of such section. The information in this report on Form 8-K shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Act, or under the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

This report on Form 8-K, including Exhibit 99.1 furnished herewith, may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this report on Form 8-K are forward-looking statements and are not guarantees of future performance or results, and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission.

PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made. PennantPark Investment Corporation may use words such as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from its historical experience and present expectations.

Item 9.01. Financial Statements and Exhibits.

(a) Financial statements:

None

(b) Pro forma financial information:

None

(d) Exhibits

99.1 Press Release of PennantPark Investment Corporation dated May 7, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PennantPark Investment Corporation

Date: May 7, 2026 By: /s/ Richard T. Allorto, Jr.

Richard T. Allorto, Jr.

Chief Financial Officer & Treasurer

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EXHIBIT 99.1

PennantPark Investment Corporation Announces Financial Results for the Second Quarter Ended March 31, 2026

MIAMI, May 07, 2026 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) (the "Company") announced today financial results for the second quarter ended March 31, 2026.

HIGHLIGHTS

Quarter ended March 31, 2026 (unaudited)

($ in millions, except per share amounts)

Assets and Liabilities:

Investment portfolio (1) $ 1,203.5

Net assets $ 439.2

Net asset value per share $ 6.73

Quarterly change in net asset value per share (3.9 )%

Credit Facility $ 199.5

2026 Notes, net of unamortized deferred financing costs $ 149.9

2026-2 Notes, net of unamortized deferred financing costs $ 164.4

2029 Notes, net of unamortized deferred financing costs $ 73.5

Regulatory debt to equity 1.35 x

Weighted average yield on debt investments 10.9 %

Operating Results:

Net investment income $ 9.3

Net investment income per share $ 0.14

Core net investment income per share (2) $ 0.14

Distributions declared per share - base $ 0.20

Distributions declared per share - supplemental $ 0.04

Portfolio Activity:

Purchases of investments (3) $ 108.2

Sales and repayments of investments (3) $ 113.4

PSLF Portfolio data:

PSLF investment portfolio $ 1,314.3

Purchases of investments $ 10.5

Sales and repayments of investments $ 45.3

Includes investments in PennantPark Senior Loan Fund, LLC ("PSLF"), an unconsolidated joint venture, totaling $194.2 million, at fair value.

Core net investment income ("Core NII") is a non-GAAP financial measure. The Company believes that Core NII provides useful information to investors and management because it reflects the Company's financial performance excluding one-time or non-recurring investment income and expenses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. For the quarter ended March 31, 2026, there were no one-time events resulting in $0.14 of Core NII.

Excludes U.S. Government Securities.

CONFERENCE CALL AT 12:00 P.M. EST ON MARCH 8, 2026

PennantPark Investment Corporation (“we,” “our,” “us” or the “Company”) will also host a conference call at 12:00 p.m. (Eastern Time) on Friday, May 08, 2026 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (800) 330-6710 approximately 5-10 minutes prior to the call. International callers should dial (646) 769-9200. All callers should reference conference ID #4471965 or PennantPark Investment Corporation. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

PORTFOLIO AND INVESTMENT ACTIVITY

"The credit quality of our investment portfolio continues to perform well, and we remain confident in the continued resilience of the portfolio, supported by our disciplined focus on the core middle market. Investment in the core middle market typically feature attractive credit spreads, lower leverage, and enhanced lender protections relative to the upper middle market,” said Art Penn, Chairman and CEO. “We remain focused on the plan to rotate out of our equity positions and redeploy that capital into debt investments which will drive growth in our core net investment income.”

As of March 31, 2026, our portfolio totaled $1,203.5 million and consisted of $481.7 million or 40% of first lien secured debt, $209.4 million or 17% of U.S. Government Securities, $14.8 million or 2% of second lien secured debt, $207.1 million or 17% of subordinated debt (including $140.3 million or 12% in PSLF) and $290.5 million or 24% of preferred and common equity (including $53.9 million or 4% in PSLF). Our interest bearing debt portfolio consisted of 88% variable-rate investments and 12% fixed-rate investments. As of March 31, 2026, we had four portfolio companies on non-accrual, representing 2.7% and 1.3% percent of our overall portfolio on a cost and fair value basis, respectively. Overall, the portfolio had net unrealized appreciation (depreciation) of $(18.8) million as of March 31, 2026. Our overall portfolio consisted of 162 companies with an average investment size of $6.1 million (excluding U.S. Government Securities), had a weighted average yield on interest bearing debt investments of 10.9%.

As of September 30, 2025, our portfolio totaled $1,287.3 million and consisted of $582.4 million or 45% of first lien secured debt, $124.8 million or 10% of U.S. Government Securities, $18.2 million or 1% of second lien secured debt, $201.2 million or 16% of subordinated debt (including $140.3 million or 11% in PSLF) and $360.7 million or 28% of preferred and common equity (including $67.5 million or 5% in PSLF). Our interest bearing debt portfolio consisted of 91% variable-rate investments and 9% fixed-rate investments. As of September 30, 2025, we had four portfolio companies on non-accrual, representing 1.3% and 0.1% of our overall portfolio on a cost and fair value basis, respectively. Overall, the portfolio had net unrealized appreciation of $50.4 million as of September 30, 2025. Our overall portfolio consisted of 166 companies with an average investment size of $7.0 million (excluding U.S. Government Securities), had a weighted average yield on interest bearing debt investments of 11.0%.

For the three months ended March 31, 2026, we invested $108.2 million in six new and 52 existing portfolio companies with a weighted average yield on debt investment of 9.0%. For the three months ended March 31, 2026, sales and repayments of investments totaled $113.4 million including $9.3 million sold to PSLF. For the six months ended March 31, 2026, we invested $223.4 million in nine new and 74 existing portfolio companies with a weighted average yield on debt investments of 9.4%. For the six months ended March 31, 2026, sales and repayments of investments totaled $386.6 million including $138.2 million sold to PSLF. The investments, sales and repayments noted above exclude all purchases and sales of U.S. Government Securities.

For the three months ended March 31, 2025, we invested $176.8 million in three new and 52 existing portfolio companies with a weighted average yield on debt investments of 10.7%. For the three months ended March 31, 2025, sales and repayments of investments totaled $263.1 million including $154.4 million sold to PSLF. For the six months ended March 31, 2025, we invested $472.5 million in 15 new and 96 existing portfolio companies with a weighted average yield on debt investments of 10.6%. For the six months ended March 31, 2025, sales and repayments of investments totaled $616.8 million including $441.0 million was sold to PSLF. The investments, sales and repayments noted above exclude all purchases and sales of U.S. Government Securities.

PennantPark Senior Loan Fund, LLC

As of March 31, 2026, PSLF’s portfolio totaled $1,314.3 million, consisted of 114 companies with an average investment size of $11.5 million and had a weighted average yield interest bearing debt investments of 9.6%.

As of September 30, 2025, PSLF’s portfolio totaled $1,265.9 million, consisted of 109 companies with an average investment size of $11.6 million and had a weighted average yield interest bearing debt investments of 10.1%.

For the three months ended March 31, 2026, PSLF invested $10.5 million in zero new and two existing portfolio companies at weighted average yield interest bearing debt investments of 9.2%, including $9.3 million purchased from the Company. PSLF’s sales and repayments of investments for the same period totaled $45.3 million. For the six months ended March 31, 2026, PSLF invested $140.0 million, including $138.2 million purchased from the Company, in 11 new and 15 existing portfolio companies at weighted average yield interest bearing debt investments of 9.2%. PSLF’s sales and repayments of investments for the same period totaled $70.6 million.

For the three months ended March 31, 2025, PSLF invested $169.9 million, including $154.4 million purchased from the Company, in eight new and 14 existing portfolio companies at weighted average yield on interest bearing debt investments of 10.1%. PSLF’s sales and repayments of investments for the same period totaled $48.3 million. For the six months ended March 31, 2025, PSLF invested $523.7 million, including $441.0 million purchased from the Company, in 23 new and 57 existing portfolio companies at weighted average yield interest bearing debt investments 10.4%. PSLF's sales and repayments of investments for the same period totaled $157.4 million.

RESULTS OF OPERATIONS

Set forth below are the results of operations for the three and six months ended March 31, 2026 and 2025.

Investment Income

For the three and six months ended March 31, 2026, investment income was $24.9 million and $52.2 million, respectively, which was attributable to $12.8 million and $28.5 million from first lien secured debt, $0.5 million and $0.9 million from second lien secured debt, $6.4 million and $12.9 million from subordinated debt, $5.2 and $9.9 million from other investments, respectively. For the three and six months ended March 31, 2025, investment income was $30.7 million and $64.9 million, respectively, which was attributable to $17.9 million and $38.9 million from first lien secured debt, $1.0 million and $3.0 million from second lien secured debt, $5.3 million and $10.6 million from subordinated debt and $6.5 million and $12.4 million from other investments, respectively. The decrease in investment income for three and six months ended March 31, 2026, was primarily due to a decrease in our total portfolio size and a decrease in our weighted average yield on debt investments.

Expenses

For the three and six months ended March 31, 2026, expenses totaled $15.6 million and $35.9 million, respectively, and were comprised of $8.1 million and $22.5 million of debt related interest and expenses, $3.6 million and $7.5 million of base management fees, $2.0 million and $2.0 million of incentive fees, $1.5 million and $2.8 million of general and administrative expenses and $0.5 million and $1.1 million of provision for excise taxes, respectively. For the three and six months ended March 31, 2025, expenses totaled $19.2 million and $40.4 million, respectively, and were comprised of $10.6 million and $22.4 million of debt-related interest and expenses, $4.0 million and $8.3 million of base management fees, $2.4 million and $5.2 million of incentive fees, $1.6 million and $3.3 million of general and administrative expenses and $0.6 million and $1.3 million of provision for excise taxes, respectively. The decrease in expenses for the three and six months ended March 31, 2026, was primarily due to a decrease in borrowing under our debt financings resulting in decrease in debt related interest expense.

Net Investment Income

For the three and six months ended March 31, 2026, net investment income totaled $9.3 million and $16.3 million, or $0.14 per share and $0.25 per share, respectively. For the three and six months ended March 31, 2025, net investment income totaled $11.4 million and $24.4 million, or $0.18 per share and $0.37 per share, respectively. The decrease in net investment income was primarily due to a decrease in investment income and partially offset by a decrease in expenses.

Net Realized Gains or Losses

For the three and six months ended March 31, 2026, net realized gains (losses) totaled $(0.4) million and $58.6 million, respectively. For the three and six months ended March 31, 2025, net realized gains (losses) totaled $(27.7) million and $(30.3) million, respectively. The change in realized gains (losses) was primarily due to changes in the market conditions of our investments and the values at which they were realized.

Unrealized Appreciation or Depreciation on Investments and Debt

For the three and six months ended March 31, 2026, we reported net change in unrealized appreciation (depreciation) on investments $(12.2) million and $(69.3) million, respectively. For the three and six months ended March 31, 2025, we reported net change in unrealized appreciation (depreciation) on investment $27.1 million and $29.5 million, respectively. As of March 31, 2026 and September 30, 2025, our net unrealized appreciation (depreciation) on investments totaled $(18.8) million and $50.4 million, respectively. The net change in unrealized appreciation (depreciation) on our investments was primarily due to changes in the capital market conditions of our investments and the values at which they were realized.

For the three and six months ended March 31, 2026, the Truist Credit Facility had a net change in unrealized appreciation (depreciation) of $1.0 million and $1.0 million, respectively. For the three and six months ended March 31, 2025, the Truist Credit Facility had a net change in unrealized appreciation (depreciation) of $(1.4) million and $1.9 million, respectively. As of March 31, 2026 and September 30, 2025, the net unrealized appreciation (depreciation) on the Truist Credit Facility totaled $2.0 million and $1.0 million, respectively. The net change in unrealized appreciation (depreciation) compared to the same periods in the prior period was primarily due to changes in the capital markets.

Net Change in Net Assets Resulting from Operations

For the three and six months ended March 31, 2026, net increase (decrease) in net assets resulting from operations totaled $(2.3) million and $6.6 million or $(0.04) per share and $0.10 per share, respectively. For the three and six months ended March 31, 2025, net increase (decrease) in net assets resulting from operations totaled $9.5 million and $25.5 million or $0.14 per share and $0.39 per share, respectively. The decrease from net operations for the three and six months ended March 31, 2026, was primarily due to the operating performance of our portfolio and changes in capital market conditions of our investments along with change in size and cost yield of our debt portfolio and costs of financing.

LIQUIDITY AND CAPITAL RESOURCES

Our liquidity and capital resources are derived primarily from cash flows from operations, including investment sales and repayments, income earned, proceeds of securities offerings and debt financings. Our primary use of funds from operations includes investments in portfolio companies and payments of interest expense, fees and other operating expenses we incur. We have used, and expect to continue to use, our debt capital, proceeds from the rotation of our portfolio and proceeds from public and private offerings of securities to finance our investment objectives and operations.

In January 2026, we issued $75.0 million in aggregate principal amount of 7.0% unsecured 2029 Notes. The effective interest rate on the 2029 Notes is 7.25% and they mature in February 2029.

As of March 31, 2026 and September 30, 2025, we had $201.5 million (including a $10.0 million temporary draw) and $426.5 million, respectively, in outstanding borrowings under the Truist Credit Facility. The Truist Credit Facility had a weighted average interest rate of 5.9% and 6.5%, respectively, exclusive of the fee on undrawn commitment, as of March 31, 2026 and September 30, 2025. As of March 31, 2026 and September 30, 2025, we had $333.5 million and $73.5 million of unused borrowing capacity under the Truist Credit Facility, respectively, subject to leverage and borrowing base restrictions.

As of March 31, 2026 and September 30, 2025, we had cash and cash equivalents of $44.8 million and $51.8 million, respectively, available for investing and general corporate purposes. We believe our liquidity and capital resources are sufficient to allow us to effectively operate our business.

For the six months ended March 31, 2026, our operating activities provided cash of $170.9 million and our financing activities used cash of $177.7 million. Our operating activities provided cash primarily due to our investment activities and our financing activities used cash primarily for repayments of our credit facility and distributions paid to stockholders.

For the six months ended March 31, 2025, our operating activities provided cash of $161.1 million and our financing activities used cash of $178.3 million. Our operating activities provided cash primarily due to our investment activities and our financing activities used cash primarily for repayments of our credit facility and distributions paid to stockholders.

DISTRIBUTIONS

During the three months ended March 31, 2026, we declared base distributions of $0.20 per share, and supplemental distributions of $0.04 per share, for total distributions of $15.7 million. During the six months ended March 31, 2026, we declared base distributions of $0.44 per share, and supplemental distributions of $0.04 per share, for total distributions of $31.3 million. During the three and six months ended March 31, 2025, we declared base distributions of $0.24 and $0.48 per share, for total distribution of $15.7 million and $31.3 million. We monitor available net investment income to determine if a return of capital for tax purposes may occur for the fiscal year. To the extent our taxable earnings fall below the total amount of our distributions for any given fiscal year, stockholders will be notified of the portion of those distributions deemed to be a tax return of capital. Tax characteristics of all distributions will be reported to stockholders subject to information reporting on Form 1099-DIV after the end of each calendar year and in our periodic reports filed with the SEC.

RECENT DEVELOPMENTS

The 2026 Notes were repaid in full on May 1, 2026.

AVAILABLE INFORMATION

The Company makes available on its website its Quarterly Report on Form 10-Q filed with the SEC and stockholders may find the report on our website at www.pennantpark.com.

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(In thousands, except share data)

March 31, 2026

(unaudited) September 30, 2025

Assets

Investments at fair value

Non-controlled, non-affiliated investments (amortized cost—$844,537 and $853,416, respectively) $ 848,177 $ 857,415

Non-controlled, affiliated investments (amortized cost—$36,561 and $36,561, respectively) — 4,891

Controlled, affiliated investments (amortized cost—$341,224 and $346,911, respectively) 355,336 424,967

Total investments (amortized cost—$1,222,322 and $1,236,888, respectively) 1,203,513 1,287,273

Cash equivalents (cost—$15,070 and $30,711, respectively) 15,070 30,711

Cash (cost—$29,788 and $21,028, respectively) 29,737 21,072

Interest receivable 4,656 5,261

Distribution receivable 4,694 4,694

Due from affiliates 37 168

Prepaid expenses and other assets 356 375

Total assets 1,258,063 1,349,554

Liabilities

Truist Credit Facility payable, at fair value (cost—$201,456 and $426,456, respectively) 199,480 425,477

2026 Notes payable (par— $150,000, unamortized deferred financing cost of $77 and $527, respectively) 149,923 149,473

2026 Notes-2 payable (par— $165,000, unamortized deferred financing cost of $640 and $1,067, respectively) 164,360 163,933

2029 Notes payable (par — $75,000 and zero, respectively, unamortized deferred financing cost of $1,528 and $ —, respectively) 73,472 —

Payable for investment purchased 209,462 130,007

Interest payable on debt 7,451 6,281

Distributions payable 5,224 —

Accounts payable and accrued expenses 3,870 4,342

Base management fee payable 3,606 4,005

Incentive fee payable 1,981 2,086

Total liabilities 818,829 885,604

Commitments and contingencies

Net assets

Common stock, 65,296,094 and 65,296,094 shares issued and outstanding, respectively

Par value $0.001 per share and 200,000,000 shares authorized 65 65

Paid-in capital in excess of par value 740,506 740,506

Accumulated deficit (301,337 ) (276,621 )

Total net assets $ 439,234 $ 463,950

Total liabilities and net assets $ 1,258,063 $ 1,349,554

Net asset value per share $ 6.73 $ 7.11

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share data)

(Unaudited)

Three Months Ended March 31, Six Months Ended March 31,

2026 2025 2026 2025

Investment income:

From non-controlled, non-affiliated investments:

Interest $ 11,605 $ 14,987 $ 25,545 $ 33,753

Payment-in-kind 2,184 1,564 4,508 2,985

Dividend income 297 499 532 1,006

Other income 84 120 385 702

From controlled, affiliated investments:

Interest 6,302 7,887 12,573 15,142

Payment-in-kind — — — 823

Dividend income 4,463 5,579 8,647 10,430

Other income — 27 — 27

Total investment income 24,935 30,663 52,190 64,868

Expenses:

Interest and expenses on debt 8,106 10,318 18,607 22,058

Base management fee 3,606 4,017 7,522 8,285

Incentive fee 1,981 2,425 1,981 5,180

General and administrative expenses 1,000 1,150 1,850 2,400

Administrative services expenses 450 450 900 950

Expenses before amendment costs, debt issuance costs and provision for taxes 15,143 18,360 30,860 38,873

Provision for taxes on net investment income 450 550 1,110 1,250

Credit facility amendment and debt issuance costs — 324 3,885 324

Net expenses 15,593 19,234 35,855 40,447

Net investment income 9,342 11,429 16,335 24,421

Realized and unrealized gain (loss) on investments and debt:

Net realized gain (loss) on investments and debt:

Non-controlled, non-affiliated investments 472 (27,714 ) (3,388 ) (30,274 )

Non-controlled and controlled, affiliated investments (889 ) — 61,986 —

Provision for taxes on realized gain on investments — (49 ) (13 ) (49 )

Net realized gain (loss) on investments and debt (417 ) (27,763 ) 58,585 (30,323 )

Net change in unrealized appreciation (depreciation) on:

Non-controlled, non-affiliated investments (2,111 ) 17,918 (458 ) 13,141

Non-controlled and controlled, affiliated investments (10,128 ) 9,214 (68,833 ) 16,352

Provision for taxes on unrealized appreciation (depreciation) on investments — 37 — —

Debt appreciation (depreciation) 985 (1,379 ) 997 1,949

Net change in unrealized appreciation (depreciation) on investments and debt (11,254 ) 25,790 (68,294 ) 31,442

Net realized and unrealized gain (loss) from investments and debt (11,671 ) (1,973 ) (9,709 ) 1,119

Net increase (decrease) in net assets resulting from operations $ (2,329 ) $ 9,456 $ 6,626 $ 25,540

Net increase (decrease) in net assets resulting from operations per common share $ (0.04 ) $ 0.14 $ 0.10 $ 0.39

Net investment income per common share $ 0.14 $ 0.18 $ 0.25 $ 0.37

ABOUT PENNANTPARK INVESTMENT CORPORATION

PennantPark Investment Corporation is a business development company which primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

PennantPark Investment Advisers, LLC, a leading middle market credit platform, and its affiliates, manage approximately $10 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, Amsterdam, and Zurich. For more information about PennantPark and affiliates, please go to our website at www.pennantpark.com.

FORWARD-LOOKING STATEMENTS AND OTHER

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the SEC. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

We may use words such as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations.

The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

Contact: Richard T. Allorto, Jr.

PennantPark Investment Corporation

(212) 905-1000

www.pennantpark.com

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v3.26.1

Cover

May 07, 2026

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May 07, 2026

Entity File Number

814-00736

Entity Registrant Name

PennantPark Investment Corporation

Entity Central Index Key

0001383414

Entity Tax Identification Number

20-8250744

Entity Incorporation, State or Country Code

Entity Address, Address Line One

1691 Michigan Avenue

Entity Address, City or Town

Miami Beach

Entity Address, State or Province

Entity Address, Postal Zip Code

33139

City Area Code

786

Local Phone Number

297-9500

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Common Stock, par value $0.001 per share

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PNNT

Security Exchange Name

NYSE

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