Contact Information: For More Information Contact: Aviv Efrat PennantPark Investment Corporation (212) 905-1000 Or visit us on the web at: www.pennantpark.com
PennantPark Investment Corporation Announced Results of a Special Meeting of Stockholders
| Source: PennantPark Investment Corporation
NEW YORK, NY--(Marketwire - August 25, 2009) - PennantPark Investment Corporation (the
"Company") (NASDAQ : PNNT ) held a special meeting of stockholders today.
Two items were submitted for stockholder approval. Stockholders approved
both of the proposals during the meeting.
The items voted upon included a proposal to authorize flexibility for the
Company, with the approval of its Board of Directors, to sell shares of the
Company's Common Stock during the next 12 months at a price below the
Company's then current net asset value per share, subject to certain
limitations described in the proxy statement; and a proposal to authorize
the Company to sell or otherwise issue pursuant to such authority from time
to time long-term warrants or securities to subscribe for or convertible
into shares of the Company's Common Stock, subject to certain limitations
described in the proxy statement.
PENNANTPARK INVESTMENT CORPORATION
PennantPark Investment Corporation is a business development company which
principally invests in U.S. middle-market private companies in the form of
mezzanine debt, senior secured loans and equity investments. From time to
time, the Company may also invest in public companies whose securities are
thinly traded. PennantPark Investment Corporation is managed by PennantPark
Investment Advisers, LLC.
FORWARD-LOOKING STATEMENTS
Statements included herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements 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. The Company undertakes no duty
to update any forward-looking statements made herein.