PNNT Update: Upcoming Dividend Changes
Summary
As usual, please ignore SA "breaking news" of PNNT missing earnings as the company beat with $0.14 covering by 118% with NAV per share higher by 3.8%.
As expected, there was $0.62 per share of realized gains (compared to $0.12 per share of quarterly dividend) due to exiting equity positions.
This will be discussed in the updated PNNT Projections & …