Tranche Update on PennantPark Investment Corporation's Equity Buyback Plan announced on February 9, 2022.

PennantPark Investment Corporation is a closed-end, externally managed, non-diversified investment company. The Company’s objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. The Company invests primarily in United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and, to a lesser extent, equity investments. The Company’s portfolio generally consists of illiquid securities, including debt and equity investments. It invests in sectors, including media, hotels, motels, inns and gaming, aerospace and defense, building materials, environmental services, healthcare, education and childcare, consumer products, printing and publishing, and the auto sector, among others.