PennantPark annual net investment income up

PennantPark Investment Corporation, a business development company which generates both income and capital appreciation through debt and equity investments, has reported a net investment income of $57.07 million, or $1.08 per share, for the year ended September 30, 2012, compared to $52.64 million, or $1.25 per share, for the same period ended September 30, 2011.

Total investment income for the year ended September 30, 2012 was $113.39 million, compared to $91.74 million for the same period ended September 30, 2011.

Net increase in net assets resulting from operations for the year ended September 30, 2012 was $63.35 million, compared to $10.26 million for the same period ended September 30, 2011.

Total assets as of September 30, 2012 were $1.02 billion, compared to $928.74 million, as of September 30, 2011.