PennantPark’s Yield Burning Through a Finite Reserve Risk
PennantPark Investment’s hefty yield hinges on a reserve that funds part of its payouts and a portfolio heavy in floa...
PennantPark Investment’s hefty yield hinges on a reserve that funds part of its payouts and a portfolio heavy in floa...
PennantPark pays an about 20% yield through an $0.08 monthly payout, but a spillover reserve backs part of the divide...