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PennantPark Investment Corporation is a business development company (BDC). The Company is a closed-end, non-diversified investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940 (the 1940 Act). Its investment objective is to generate both current income and capital appreciation through debt and equity investments. It seeks to invest in the United States middle market companies in the form of senior secured loans, including first lien, second lien and unitranche loans, mezzanine debt and equity investments.