|
PENNANTPARK INVESTMENT CORPORATION — SCHEDULE OF INVESTMENTS
September 30, 2011
| Issuer Name |
Maturity |
Industry |
Current Coupon |
Basis Points Above Index (4) |
Par / Shares |
Cost |
Fair Value (3) |
|
| Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 167.2% (1),(2) |
| First Lien Secured Debt - 60.6% |
American Surgical Holdings, Inc.
Sponsor: Great Point Partners
Description: Provides professional surgical assistant services to patients, surgeons, and healthcare institutions.
|
03/23/2015 |
Healthcare, Education and Childcare |
14.00% |
L+1,000(8) |
$ 20,300,000 |
$ 19,748,930 |
$ 20,300,000 |
CEVA Group PLC(5),(10)
Sponsor: Apollo
Description: Integrated logistics company with services that include contract logistics, freight forwarding, distribution management, and transportation management
|
10/01/2016 |
Logistics |
11.63% |
--- |
7,500,000 |
7,328,729 |
7,331,250 |
CEVA Group PLC(5),(10)
Sponsor: Apollo
Description: Integrated logistics company with services that include contract logistics, freight forwarding, distribution management, and transportation management
|
04/01/2018 |
Logistics |
11.50% |
--- |
1,000,000 |
988,872 |
920,000 |
|
Chester Downs and Marina, LLC
Description: Owner and operator of a gaming and entertainment facility comprised of a casino and a horse racing track.
|
07/29/2016 |
Hotels, Motels, Inns and Gaming |
12.38% |
L+988(8) |
11,358,254 |
11,024,166 |
11,310,924 |
Columbus International, Inc.(5),(10)
Sponsor: CFFI Venture Inc. AIC Global Holdings Inc.
Description: Commercial & Retail broadband services provider
|
11/20/2014 |
Communications |
11.50% |
--- |
10,000,000 |
10,000,000 |
9,800,000 |
Covad Communications Group, Inc.(5)
Sponsor: Platinum Equity
Description: Leading provider of broadband services.
|
11/03/2015 |
Telecommunications |
12.00% |
L+1,000(8) |
6,475,000 |
6,362,696 |
6,345,500 |
|
Good Sam Enterprises, LLC(5)(f/k/a Affinity Group Holdings, Inc.)
Description: Member-based direct marketing company targeting North American recreational vehicle market.
|
12/01/2016 |
Consumer Products |
11.50% |
--- |
12,000,000 |
11,759,625 |
11,220,000 |
Hanley-Wood, L.L.C.
Sponsor: CCMP
Description: B2B media company serving residential and commercial construction sectors
|
03/10/2014 |
Other Media |
2.56% |
L+225 |
8,662,500 |
8,662,500 |
4,222,969 |
Instant Web, Inc.
Sponsor: Avista Capital Partners and Court Square
Description: Fully integrated provider of direct mail solutions
|
08/07/2014 |
Printing and Publishing |
14.50% |
L+950(8) |
24,625,000 |
24,227,464 |
25,683,875 |
Interactive Health Solutions, Inc.
Sponsor: CI Capital Partners
Description: Designs and administers employee wellness programs
|
10/04/2016 |
Healthcare, Education and Childcare |
11.50% |
L+950(8) |
19,000,000 |
18,572,500 |
18,572,500 |
Jacuzzi Brands Corp.
Sponsor: Apollo and Ares
Description: Leading global producer of premium branded, home water comfort and therapy products
|
02/07/2014 |
Home and Office Furnishings, Housewares and Durable Consumer Products |
2.51% |
L+225 |
9,671,622 |
9,671,622 |
6,866,851 |
K2 Pure Solutions NoCal, L.P.
Sponsor: Centre Partners
Description: Operates a chlor-alkali manufacturing facility
|
09/10/2015 |
Chemicals, Plastics and Rubber |
10.00% |
P+675(8) |
18,952,500 |
18,002,959 |
18,004,875 |
Kadmon Pharmaceuticals, LLC (f/k/a Three Rivers Pharmaceutical, L.L.C.)
Sponsor: Kadmon Holdings, LLC
Description: Develops, manufactures, and markets generic pharmaceutical drug products, with significant focus on Hepatitis C drugs
|
10/22/2011 |
Healthcare, Education and Childcare |
15.00% |
L+1,300(8) |
29,066,987 |
27,940,332 |
30,811,006 |
Learning Care Group, Inc.
Sponsor: Morgan Stanley Private Equity
Description: Child education and care services provider
|
04/27/2016 |
Education |
12.00% |
--- |
26,052,632 |
25,555,967 |
25,401,316 |
Penton Media, Inc.
Sponsor: Mid Ocean and Wasserstein
Description: Largest independent B2B platform provider
|
08/01/2014 |
Other Media |
5.00%(6) |
L+400(8) |
37,779,699 |
32,241,162 |
26,130,971 |
Pre-Paid Legal Services, Inc., Tranche A
Sponsor: MidOcean Partners
Description: Provides legal services and identity theft monitoring and protection to its members.
|
12/30/2016 |
Personal, Food and Miscellaneous Services |
7.50%(6) |
L+600(8) |
2,000,000 |
1,970,966 |
1,900,000 |
Pre-Paid Legal Services, Inc., Tranche B
Sponsor: MidOcean Partners
Description: Provides legal services and identity theft monitoring and protection to its members.
|
12/30/2016 |
Personal, Food and Miscellaneous Services |
11.00%(6) |
L+950(8) |
35,000,000 |
33,978,263 |
33,250,000 |
|
Questex Media Group LLC
Description: Business to business media organization
|
12/16/2012 |
Other Media |
10.50% |
--- |
26,721 |
26,721 |
26,721 |
|
Questex Media Group LLC(9)
Description: Business to business media organization
|
12/16/2012 |
Other Media |
--- |
--- |
240,485 |
240,485 |
240,485 |
VPSI, Inc.
Sponsor: TPG Growth
Description: Provider of professionally managed commuter vanpools in the U.S.
|
12/23/2015 |
Personal Transportation |
12.00% |
L+1,000(8) |
17,302,083 |
17,047,133 |
17,215,572 |
|
Yonkers Racing Corp.(5)
Description: Provider of video gaming machines, live harness racing, and simulcasting services in Yonkers, New York.
|
07/15/2016 |
Hotels, Motels, Inns and Gaming |
11.38% |
--- |
4,500,000 |
4,391,231 |
4,590,000 |
| Total First Lien Secured Debt |
|
$289,742,323 |
$280,144,815 |
| |
| Second Lien Secured Debt - 32.9% |
Brand Energy and Infrastructure Services, Inc.
Sponsor: First Reserve
Description: Specialty service provider to energy market
|
02/07/2015 |
Energy/Utilities |
6.30% |
L+600 |
13,600,000 |
13,300,431 |
11,832,000 |
Brand Energy and Infrastructure Services, Inc.
Sponsor: First Reserve
Description: Specialty service provider to energy market
|
02/07/2015 |
Energy/Utilities |
7.33% |
L+700 |
12,000,000 |
11,821,275 |
10,680,000 |
DirectBuy Holdings, Inc.(5)
Sponsor: Trivest Partners
Description: One of the largest membership-based consumer buying clubs in North America.
|
02/01/2017 |
Consumer Products |
12.00% |
--- |
34,000,000 |
31,944,865 |
10,710,000 |
Eureka Hunter Pipeline, LLC
Sponsor: Magnum Hunter Resources
Description: Natural gas pipeline operator
|
08/16/2018 |
Energy/Utilities |
12.50%(6) |
--- |
31,000,000 |
31,000,000 |
31,000,000 |
|
Eureka Hunter Pipeline, LLC(9)
Description: Natural gas pipeline operator
|
08/15/2012 |
Energy/Utilities |
--- |
--- |
19,000,000 |
18,525,000 |
18,525,000 |
Greatwide Logistics Services, L.L.C.
Sponsor: Centerbridge Partners
Description: Transportation, third-party logistics, warehouse/distribution and truckload brokerage company
|
03/01/2014 |
Cargo Transport |
11.00%(6) |
L+700(8) |
2,860,871 |
2,860,871 |
2,860,871 |
|
Questex Media Group LLC, Term Loan A
Description: Business to business media organization
|
12/15/2014 |
Other Media |
9.50% |
L+650(8) |
2,971,450 |
2,971,450 |
2,692,134 |
|
Questex Media Group LLC, Term Loan B
Description: Business to business media organization
|
12/15/2015 |
Other Media |
11.50%(6) |
L+750(8) |
1,990,370 |
1,990,370 |
1,737,593 |
|
RAM Energy Resources, Inc.
Description: An independent oil and natural gas company engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas.
|
09/13/2016 |
Oil and Gas |
11.00% |
L+900(8) |
17,000,000 |
16,672,749 |
16,830,000 |
Realogy Corp.
Sponsor: Apollo
Description: Real estate brokerage and services company
|
10/15/2017 |
Buildings and Real Estate |
13.50% |
--- |
10,000,000 |
10,000,000 |
9,760,000 |
ROC Finance LLC and ROC Finance 1 Corp
Sponsor: Rock Gaming / Caesars Entertainment
Description: Operator of a casino in Cleveland and Cincinnati
|
09/01/2018 |
Hotels, Motels, Inns and Gaming |
12.13% |
--- |
16,000,000 |
15,726,668 |
16,160,000 |
Sheridan Holdings, Inc.
Sponsor: Hellman & Friedman
Description: Outsourced physician staffing
|
06/15/2015 |
Healthcare, Education and Childcare |
6.07%(6) |
L+575 |
13,500,000 |
11,856,253 |
12,521,250 |
TransFirst Holdings, Inc.
Sponsor: Welsh Carson
Description: Transaction processing company
|
06/15/2015 |
Financial Services |
6.24%(6) |
L+600 |
7,811,488 |
7,422,480 |
6,756,937 |
| Total Second Lien Secured Debt |
|
$176,092,412 |
$152,065,785 |
| |
| Subordinated Debt / Corporate Notes - 65.0% | | | | | | |
Affinion Group Holdings, Inc.
Sponsor: Apollo
Description: Direct marketer of membership, insurance and package enhancement programs and services.
|
11/15/2015 |
Consumer Products |
11.63% |
--- |
26,345,000 |
26,391,240 |
20,285,650 |
Aquilex Holdings, LLC(5)
Sponsor: Teachers' Private Capital
Description: Global maintenance, repair & industrial cleaning provider
|
12/15/2016 |
Diversified / Conglomerate Services |
11.13% |
--- |
18,885,000 |
18,440,262 |
8,309,400 |
Consolidated Foundries, Inc.
Sponsor: Arlington Capital Partners
Description: Leading aerospace components manufacturer
|
04/17/2015 |
Aerospace and Defense |
14.25%(6) |
--- |
8,109,468 |
7,997,216 |
8,109,468 |
|
DiversiTech Corporation
Description: Designs and manufactures, padding and other parts and accessories for heating, ventilation, air conditioning, and refrigeration systems
|
01/29/2017 |
Manufacturing / Basic Industry |
13.50%(6) |
--- |
11,000,000 |
10,783,491 |
10,780,000 |
Escort Inc.
Sponsor: Falconhead Capital
Description: Designer, manufacturer and marketer of radar and laser detectors
|
06/01/2016 |
Electronics |
14.75%(6) |
--- |
24,560,142 |
23,964,150 |
24,314,541 |
Last Mile Funding Corp. (3PD, Inc.)
Sponsor: Arcapita
Description: Provides last-mile delivery services for retailers in North America.
|
06/30/2016 |
Cargo Transport |
14.50%(6) |
--- |
44,456,391 |
43,380,579 |
43,344,981 |
Learning Care Group (US) Inc.
Sponsor: Morgan Stanley Private Equity
Description: Child education and care services provider
|
06/30/2016 |
Education |
15.00%(6) |
--- |
4,566,982 |
3,891,689 |
4,133,119 |
LTI Flexible Products, Inc.
Sponsor: Sentinel Capital Partners
Description: Manufactures components for OEMs in a variety of industries
|
01/26/2017 |
Chemical, Plastic and Rubber |
13.88%(6) |
--- |
33,937,985 |
33,119,280 |
33,768,295 |
MailSouth, Inc.
Sponsor: Court Square Capital Partners, L.P.
Description: Provides direct mail solutions serving rural and suburban markets across the U.S.
|
06/15/2017 |
Printing and Publishing |
14.50%(6) |
--- |
15,000,000 |
14,579,991 |
14,640,000 |
MedQuist, Inc.
Sponsor: S.A.C. Capital Advisors, L.P.
Description: Provides outsourced transcription services to hospitals and physician practices
|
10/14/2016 |
Business Services |
13.00%(6) |
--- |
19,000,000 |
18,492,685 |
19,950,000 |
PAS Technologies, Inc.
Sponsor: KRG Capital Partners
Description: Provides repair and overhaul services to the aerospace, oilfield and industrial markets.
|
05/12/2017 |
Aerospace and Defense |
14.02%(6) |
--- |
16,785,000 |
16,400,403 |
16,600,365 |
Prince Mineral Holding Corp.
Sponsor: Palladium Equity Partners
Description: International processor and marketer of specialty industrial minerals.
|
12/03/2016 |
Mining, Steel, Iron and Non-Precious Metals |
13.50%(6) |
--- |
26,169,195 |
25,667,843 |
25,645,811 |
Realogy Corp.
Sponsor: Apollo
Description: Real estate brokerage and services company
|
04/15/2018 |
Buildings and Real Estate |
11.00% |
--- |
10,000,000 |
9,159,259 |
7,800,000 |
TRAK Acquisition Corp.
Sponsor: HIG Capital
Description: Outsourced legal collections on consumer receivables
|
12/29/2015 |
Business Services |
15.00%(6) |
--- |
12,020,950 |
11,683,548 |
11,984,887 |
UP Support Services, Inc.
Sponsor: KRG Capital Partners
Description: Leading energy engineering services provider
|
02/08/2015 |
Oil and Gas |
19.00%(6) |
--- |
26,276,070 |
26,063,224 |
24,173,984 |
Veritext Corp.
Sponsor: Investcorp
Description: Provider of deposition and litigation support to law firms, corporations and regulatory agencies
|
12/31/2015 |
Business Services |
14.00%(6) |
--- |
15,000,000 |
14,686,238 |
15,000,000 |
Veritext Corp.(9)
Sponsor: Investcorp
Description: Provider of deposition and litigation support to law firms, corporations and regulatory agencies
|
12/31/2012 |
Business Services |
--- |
--- |
12,000,000 |
11,700,000 |
12,000,000 |
| Total Subordinated Debt/Corporate Notes |
|
$316,401,098 |
$300,840,501 |
| |
| Preferred Equity/Partnership Interests - 1.7%(7) |
AH Holdings, Inc. (American Surgical Holdings, Inc.)
Sponsor: Great Point Partners
Description: Provides professional surgical assistant services to patients, surgeons, and healthcare institutions.
|
--- |
Healthcare, Education and Childcare |
6.00% |
--- |
211 |
500,000 |
491,004 |
AHC Mezzanine, LLC (Advanstar Inc.)
Sponsor: Veronis Suhler
Description: Business to business media company
|
--- |
Other Media |
--- |
--- |
7,505 |
318,896 |
0 |
CFHC Holdings, Inc., Class A (Consolidated Foundries, Inc.)
Sponsor: Arlington Capital Partners
Description: Leading aerospace components manufacturer
|
--- |
Aerospace and Defense |
12.00% |
--- |
909 |
909,248 |
1,328,977 |
PAS Tech Holdings, Inc. Series A-1 (PAS Technologies)
Sponsor: KRG Capital Partners
Description: Provides repair and overhaul services to the aerospace, oilfield and industrial markets.
|
--- |
Aerospace and Defense |
8.00% |
--- |
20,000 |
1,980,000 |
2,026,969 |
TZ Holdings, L.P., Series A (Trizetto Group, Inc.)
Sponsor: Apax Partners
Description: Leading healthcare information technology, software and consulting service provider
|
--- |
Insurance |
--- |
--- |
686 |
685,820 |
685,820 |
TZ Holdings, L.P., Series B (Trizetto Group, Inc.)
Sponsor: Apax Partners
Description: Leading healthcare information technology, software and consulting service provider
|
--- |
Insurance |
6.50% |
--- |
1,312 |
1,312,006 |
1,581,165 |
Universal Pegasus International, Inc. (UP Support Services, Inc.)
Sponsor: KRG Capital Partners
Description: Leading energy engineering services provider
|
--- |
Oil and Gas |
8.00% |
--- |
101,175 |
2,738,050 |
0 |
Verde Parent Holdings, Inc. (VPSI, Inc.)
Sponsor: TPG Growth
Description: Provider of professionally managed commuter vanpools in the U.S.
|
--- |
Personal Transportation |
8.00% |
--- |
1,824,167 |
1,824,167 |
1,911,003 |
| Total Preferred Equity/Partnership Interests |
|
$10,268,187 |
$8,024,938 |
| |
| Common Equity/Warrants/Partnership Interests - 7.0%(7) |
AH Holdings, Inc. (Warrants) (American Surgical Holdings, Inc.)
Sponsor: Great Point Partners
Description: Provides professional surgical assistant services to patients, surgeons, and healthcare institutions.
|
03/23/2021 |
Healthcare, Education and Childcare |
--- |
--- |
753 |
0 |
0 |
CEA Autumn Management, L.L.C.
Sponsor: CEA Autumn
Description: Global video game publisher
|
--- |
Broadcasting and Entertainment |
--- |
--- |
1,333 |
3,000,000 |
280,176 |
CFHC Holdings, Inc. (Consolidated Foundries, Inc.)
Sponsor: Arlington Capital Partners
Description: Leading aerospace components manufacturer
|
--- |
Aerospace and Defense |
--- |
--- |
1,856 |
18,556 |
1,443,556 |
CT Technologies Holdings, LLC (CT Technologies Intermediate Holdings, Inc.)
Sponsor: ABRY
Description: Leading outsource provider of "release of information" services to healthcare facilities
|
--- |
Business Services |
--- |
--- |
5,556 |
2,277,209 |
8,431,871 |
DirectBuy Investors L.P. (DirectBuy Holdings, Inc.)
Sponsor: Trivest Partners
Description: One of the largest membership-based consumer buying clubs in North America.
|
--- |
Consumer Products |
--- |
--- |
30,000 |
1,350,000 |
469,500 |
Kadmon Corporation, LLC, Class A (f/k/a Kadmon Holdings, L.L.C.) (Kadmon Pharmaceuticals, LLC)
Sponsor: Kadmon Corporation, LLC
Description: Develops, manufactures, and markets generic pharmaceutical drug products, with significant focus on Hepatitis C drugs
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
1,079,920 |
1,236,832 |
295,205 |
Kadmon Corporation, LLC, Class D (f/k/a Kadmon Holdings, L.L.C.) (Kadmon Pharmaceuticals, LLC)
Sponsor: Kadmon Corporation, LLC
Description: Develops, manufactures, and markets generic pharmaceutical drug products, with significant focus on Hepatitis C drugs
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
1,079,920 |
1,028,807 |
1,028,807 |
Learning Care Group (US) Inc. (Warrants)
Sponsor: Morgan Stanley Private Equity
Description: Child education and care services provider
|
04/27/2020 |
Education |
--- |
--- |
1,267 |
779,920 |
112,064 |
|
Magnum Hunter Resources Corporation
Description: Independent exploration and production company
|
--- |
Oil and Gas |
--- |
--- |
1,221,932 |
3,239,999 |
4,044,595 |
|
Magnum Hunter Resources Corporation (Warrants)
Description: Independent exploration and production company
|
10/14/2013 |
Oil and Gas |
--- |
--- |
122,193 |
105,697 |
61,091 |
MidOcean PPL Holdings, Inc. (Pre-Paid Legal Services, Inc.)
Sponsor: MidOcean Partners
Description: Provides legal services and identity theft monitoring and protection to its members.
|
--- |
Personal, Food and Miscellaneous Services |
--- |
--- |
3,000 |
3,000,000 |
3,320,146 |
PAS Tech Holdings, Inc. (PAS Technologies)
Sponsor: KRG Capital Partners
Description: Provides repair and overhaul services to the aerospace, oilfield and industrial markets.
|
--- |
Aerospace and Defense |
--- |
--- |
20,000 |
20,000 |
101,931 |
|
QMG HoldCo, LLC, Class A (Questex Media Group, Inc.)
Description: Business to business media organization
|
--- |
Other Media |
--- |
--- |
4,325 |
1,306,167 |
1,352,585 |
|
QMG HoldCo, LLC, Class B (Questex Media Group, Inc.)
Description: Business to business media organization
|
--- |
Other Media |
--- |
--- |
531 |
0 |
166,063 |
TRAK Acquisition Corp. (Warrants)
Sponsor: HIG Capital
Description: Outsourced legal collections on consumer receivables
|
12/29/2019 |
Business Services |
--- |
--- |
3,500 |
29,400 |
577,061 |
Transportation 100 Holdco, L.L.C. (Greatwide Logistics Services, L.L.C.)
Sponsor: Centerbridge Partners
Description: Transportation, third-party logistics, warehouse/distribution and truckload brokerage company
|
--- |
Cargo Transport |
--- |
--- |
137,923 |
2,111,588 |
1,521,406 |
TZ Holdings, L.P. (Trizetto Group, Inc.)
Sponsor: Apax Partners
Description: Leading healthcare information technology, software and consulting service provider
|
--- |
Insurance |
--- |
--- |
2 |
9,843 |
1,591,505 |
Universal Pegasus International, Inc. (UP Support Services, Inc.)
Sponsor: KRG Capital Partners
Description: Leading energy engineering services provider
|
--- |
Oil and Gas |
--- |
--- |
110,742 |
1,107 |
0 |
Verde Parent Holdings, Inc. (VPSI, Inc.)
Sponsor: TPG Growth
Description: Provider of professionally managed commuter vanpools in the U.S.
|
--- |
Personal Transportation |
--- |
--- |
9,166 |
9,166 |
0 |
VText Holdings, Inc. (Veritext Corp.)
Sponsor: Investcorp
Description: Provider of deposition and litigation support to law firms, corporations and regulatory agencies
|
--- |
Business Services |
--- |
--- |
35,526 |
4,050,000 |
7,501,780 |
| Total Common Equity/Warrants/Partnership Interests |
|
$23,574,291 |
$32,299,342 |
| |
| Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
$816,078,311 |
$773,375,381 |
| Investments in Non-Controlled, Affiliated Portfolio Companies - 8.8%(1),(2) |
| First Lien Secured Debt - 1.4% |
|
EnviroSolutions, Inc.(9)
Description: Diversified environmental services provider
|
07/29/2013 |
Environmental Services |
2.72 |
--- |
$ 6,666,666 |
$ 6,666,666 |
$ 6,666,666 |
| Total First Lien Secured Debt |
|
$6,666,666 |
$6,666,666 |
| |
| Second Lien Secured Debt - 2.9% |
|
EnviroSolutions, Inc.
Description: Diversified environmental services provider
|
07/29/2014 |
Environmental Services |
8.00% |
L+600(8) |
5,870,416 |
5,870,416 |
5,870,416 |
Performance, Inc.
Sponsor: North Castle Partners
Description: Independent bike dealer and bicycles and cycling accessories direct marketer
|
01/16/2015 |
Leisure, Amusement, Motion Pictures and Entertainment |
7.25% |
L+625(8) |
8,000,000 |
8,000,000 |
7,336,000 |
| Total Second Lien Secured Debt |
|
$13,870,416 |
$13,206,416 |
| |
| Subordinated Debt/Corporate Notes - 1.4% |
Performance Holdings, Inc.
Sponsor: North Castle Partners
Description: Independent bike dealer and bicycles and cycling accessories direct marketer
|
07/16/2015 |
Leisure, Amusement, Motion Pictures and Entertainment |
15.00%(6) |
--- |
6,775,991 |
6,617,860 |
6,403,311 |
| |
| Common Equity/Partnership Interest - 3.1%(7) |
|
EnviroSolutions, Inc.
Description: Diversified environmental services provider
|
--- |
Environmental Services |
--- |
--- |
37,382 |
2,710,036 |
5,641,925 |
|
EnviroSolutions, Inc. (Warrants)
Description: Diversified environmental services provider
|
--- |
Environmental Services |
--- |
--- |
50,102 |
3,129,447 |
7,561,205 |
NCP-Performance (Performance Holdings, Inc.)
Sponsor: North Castle Partners
Description: Independent bike dealer and bicycles and cycling accessories direct marketer
|
--- |
Leisure, Amusement, Motion Pictures and Entertainment |
--- |
--- |
375,000 |
3,750,000 |
1,193,610 |
| Total Common Equity/Partnership Interest |
|
$9,589,483 |
$14,396,740 |
| |
| Investments in Non-Controlled, Affiliated Portfolio Companies |
$36,744,425 |
$40,673,133 |
| Investments in Controlled, Affiliated Portfolio Companies - 2.9%(1),(2) |
| First Lien Secured Debt - 2.1% |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders
|
06/30/2020 |
Business Services |
14.00%(6) |
--- |
$ 9,200,000 |
$ 9,200,000 |
$ 9,676,650 |
| |
| Subordinated Debt/Corporate Notes - 0.5% |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders
|
06/30/2020 |
Business Services |
14.00%(6) |
--- |
2,300,000 |
2,300,000 |
2,085,357 |
| |
| Preferred Equity - 0.4%(7) |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders
|
--- |
Business Services |
14.00% |
--- |
2,000 |
2,000,000 |
1,737,994 |
| |
| Common Equity - 0.0%(7) |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders
|
--- |
Business Services |
--- |
--- |
100 |
100 |
0 |
| |
| Investments in Controlled, Affiliated Portfolio Companies |
$13,500,100 |
$13,500,001 |
|
| Total Investments - 178.9% |
$866,322,836 |
$827,548,515 |
|
| Cash Equivalents - 15.5% |
--- | --- |
$71,604,519 |
$71,604,519 |
$71,604,519 |
| Total Investments and Cash Equivalents - 194.3% |
| |
|
$937,927,355 |
$899,153,034 |
| Liabilities in Excess of Other Assets - (94.3%) |
| |
|
|
($436,495,838) |
| Net Assets - 100.0% |
| |
| |
|
|
$462,657,196 |
(1) The provisions of the 1940 Act, as amended, or the 1940 Act, classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is deemed as “non-controlled” when we own less than 25% of a portfolio company’s voting securities and “controlled” when we own 25% or more of a portfolio company’s voting securities.
(2) The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
(3) Valued based on our accounting policy.
(4) Represents floating rate instruments that accrue interest at a predetermined spread relative to an index, typically the applicable London Interbank Offered Rate, or LIBOR or "L", or Prime Rate, or Prime or "P".
(5) Security is exempt from registration under Rule 144A promulgated under the Securities Act of 1933, as amended, or the Securities Act. The security may be resold in transactions that are exempt from registration, usually to qualified institutional buyers.
(6) Coupon is payable in cash and/or through payment-in-kind, or "PIK".
(7) Non-income producing securities.
(8) Coupon is subject to a LIBOR or Prime rate floor.
(9) Represents the purchase of a security with delayed settlement (unfunded investment). This security does not have a basis point spread above an index.
(10) Non-U.S. company or principal place of business outside the United States.
(11) Investment is held through PNNT Transportation 100 Holdco, LLC, a consolidated subsidiary.
Our Family of Funds
PennantPark Investment Corporation
PennantPark Floating Rate Capital Ltd.
|
