August 2, 2021

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PennantPark Financial commitment Corporation Appoints Richard Cheung

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NEW YORK, June 21, 2021 (World NEWSWIRE) — PennantPark Expense Corporation (NASDAQ: PNNT) (“we,” “our,” “PNNT” or the “Company”) declared today that it has appointed Richard Cheung as its Chief Economical Officer and Treasurer, helpful June 21, 2021.

Mr. Cheung most a short while ago served as Senior Controlling Director and Head of Choice Financial investment Accounting at Guggenheim Associates, LLC (“Guggenheim”), in which he has served in many roles considering the fact that 2008. Prior to becoming a member of Guggenheim in 2008, Mr. Cheung used the vast majority of his job at Ernst & Youthful LLP in its economic services industry follow where he managed audits for a wide variety of money. Mr. Cheung retains a B.S. in Accounting and Finance from the New York University Leonard N. Stern Faculty of Organization.

“We are exceptionally pleased that Richard will be becoming a member of the Firm as our new Main Fiscal Officer and a member of our senior management workforce. We are confident that his comprehensive knowledge will be a tremendous asset to the Firm and its shareholders as we keep on to make the Firm,” said Arthur Penn, Main Executive Officer of PNNT.

Aviv Efrat, PNNT’s existing Chief Money Officer and Treasurer, will shift within the PennantPark corporation and keep on being in senior administration where by he will focus on PennantPark’s strategic advancement initiatives.

“We are thankful for all of Aviv’s contributions to date as a valued member of the Company’s senior administration team given that its inception in 2007, including his contribution to creating our finance and functions crew,” claimed Mr. Penn.  “We are grateful that Aviv will continue being in senior management within the PennantPark business where he will proceed to lead to the firm’s strategic way.”

ABOUT PENNANTPARK Expenditure Corporation

PennantPark Financial commitment Corporation is a organization improvement corporation which invests principally in U.S. middle-market firms in the variety of first lien secured personal debt, 2nd lien secured personal debt, subordinated personal debt and fairness investments. PennantPark Investment decision Corporation is managed by PennantPark Expense Advisers, LLC.

ABOUT PENNANTPARK Expenditure ADVISERS, LLC

PennantPark Expense Advisers, LLC is a top center-current market credit system, running $4.7 billion of investable money, which includes possible leverage. Due to the fact its inception in 2007, PennantPark Financial commitment Advisers, LLC has supplied buyers entry to middle-market credit by providing non-public fairness companies and their portfolio providers as properly as other middle-market place debtors a thorough array of resourceful and adaptable funding remedies. PennantPark Expenditure Advisers, LLC is headquartered in New York and has offices in Chicago, Houston, and Los Angeles.

Ahead-On the lookout STATEMENTS

This push release may possibly have “forward-searching statements” in the that means of the Private Securities Litigation Reform Act of 1995. You really should realize 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 use to forward-hunting statements made in periodic studies we file underneath the Exchange Act. All statements other than statements of historic information included in this push release are ahead-wanting statements and are not ensures of long term effectiveness or outcomes, and require a selection of pitfalls and uncertainties. True effects may possibly differ materially from these in the ahead-hunting statements as a final result of a range of things, including people described from time to time in filings with the Securities and Exchange Commission as properly as adjustments in the economy and risks associated with possible disruption in the Company’s functions or the economic climate generally because of to terrorism, normal disasters or pandemics these types of as COVID-19. The Organization undertakes no duty to update any forward-hunting assertion designed herein. You really should not area undue impact on this sort of forward-wanting statements as such statements converse only as of the date on which they are made.

We could use words these as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and equivalent expressions to discover forward-on the lookout statements. Such statements are dependent on presently offered functioning, economical and competitive info and are subject to various dangers and uncertainties that could bring about actual final results to differ materially from our historical practical experience and our current anticipations.

Speak to: Arthur Penn
PennantPark Financial commitment Company
(212) 905-1000
www.pennantpark.com

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