2023 Q1 Form 10-Q Financial Statement

#000095017023002167 Filed on February 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $16.64M $10.33M $28.35M
YoY Change -31.63% -63.55% 51.35%
Cost Of Revenue $18.16M $16.52M $14.65M
YoY Change 58.18% 12.76% 60.67%
Gross Profit $18.19M $13.44M $13.70M
YoY Change 41.46% -1.86% 42.51%
Gross Profit Margin 109.33% 130.07% 48.31%
Selling, General & Admin $1.102M $1.107M $973.0K
YoY Change 13.26% 13.77% -15.39%
% of Gross Profit 6.06% 8.24% 7.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.102M $1.107M $973.0K
YoY Change 13.26% 13.77% -15.39%
Operating Profit $17.09M $12.33M $12.72M
YoY Change 43.77% -3.06% 50.38%
Interest Expense -$11.48M -$82.23M $14.66M
YoY Change 55.23% -661.08% -76.67%
% of Operating Profit -67.17% -666.72% 115.19%
Other Income/Expense, Net $1.000K
YoY Change
Pretax Income $5.322M -$69.89M $25.71M
YoY Change 58.44% -371.87% -63.93%
Income Tax $450.0K $2.000M $200.0K
% Of Pretax Income 8.46% 0.78%
Net Earnings $4.872M -$71.89M $25.51M
YoY Change 54.23% -381.84% -64.14%
Net Earnings / Revenue 29.28% -695.77% 89.99%
Basic Earnings Per Share
Diluted Earnings Per Share $0.07 -$1.10 $381.7K
COMMON SHARES
Basic Shares Outstanding 65.22M 65.22M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.14M $28.56M $39.58M
YoY Change 140.51% -27.86% 95.95%
Cash & Equivalents $63.14M $28.56M $39.58M
Short-Term Investments
Other Short-Term Assets $12.04M $4.036M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $84.42M $39.97M $72.42M
YoY Change 163.29% -44.8% 170.22%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.133B $1.196B $1.445B
YoY Change -6.71% -17.25% 28.24%
Other Assets
YoY Change
Total Long-Term Assets $1.133B $1.196B $1.445B
YoY Change -6.71% -17.25% 28.25%
TOTAL ASSETS
Total Short-Term Assets $84.42M $39.97M $72.42M
Total Long-Term Assets $1.133B $1.196B $1.445B
Total Assets $1.217B $1.236B $1.518B
YoY Change -2.33% -18.57% 31.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.15M $8.325M $595.4K
YoY Change 57.47% 1298.34% 495.35%
Accrued Expenses $15.15M $5.446M $5.229M
YoY Change 101.36% 4.16% 37.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $49.93M $31.33M $21.63M
YoY Change 58.47% 44.8% 34.38%
LONG-TERM LIABILITIES
Long-Term Debt $671.3M $695.6M $813.5M
YoY Change 22.01% -14.5% 48.18%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $671.3M $695.6M $813.5M
YoY Change 22.01% -14.5% 48.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.93M $31.33M $21.63M
Total Long-Term Liabilities $671.3M $695.6M $813.5M
Total Liabilities $721.2M $733.1M $840.2M
YoY Change 23.99% -12.75% 48.71%
SHAREHOLDERS EQUITY
Retained Earnings -$252.5M -$245.3M
YoY Change
Common Stock $748.2M $748.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $495.7M $502.9M $677.6M
YoY Change
Total Liabilities & Shareholders Equity $1.217B $1.236B $1.518B
YoY Change -2.33% -18.57% 31.55%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income $4.872M -$71.89M $25.51M
YoY Change 54.23% -381.84% -64.14%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $68.90M -$9.606M -$177.4M
YoY Change -74.21% -94.58% -606.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $9.784M $8.045M
YoY Change 21.62%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.26M -14.78M 196.6M
YoY Change -87.78% -107.52% -581.79%
NET CHANGE
Cash From Operating Activities 68.90M -9.606M -177.4M
Cash From Investing Activities
Cash From Financing Activities -34.26M -14.78M 196.6M
Net Change In Cash 34.63M -24.39M 19.22M
YoY Change -359.87% -226.89% -431.41%
FREE CASH FLOW
Cash From Operating Activities $68.90M -$9.606M -$177.4M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
454000
CY2021Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
565000
CY2022Q4 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
531000
CY2021Q4 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
449000
CY2022Q4 pnnt Increase Decrease In Receivables From Investments Sold
IncreaseDecreaseInReceivablesFromInvestmentsSold
-29494000
CY2021Q4 pnnt Increase Decrease In Receivables From Investments Sold
IncreaseDecreaseInReceivablesFromInvestmentsSold
12821000
CY2022Q4 pnnt Increase Decrease In Distribution Receivable
IncreaseDecreaseInDistributionReceivable
836000
CY2021Q4 pnnt Increase Decrease In Distribution Receivable
IncreaseDecreaseInDistributionReceivable
121000
CY2022Q4 pnnt Increase Decrease In Payable For Investments Purchased
IncreaseDecreaseInPayableForInvestmentsPurchased
-8325000
CY2021Q4 pnnt Increase Decrease In Payable For Investments Purchased
IncreaseDecreaseInPayableForInvestmentsPurchased
7812000
CY2022Q4 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-2973000
CY2021Q4 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-931000
CY2022Q4 pnnt Increase Decrease In Base Management Fee Payable Net
IncreaseDecreaseInBaseManagementFeePayableNet
-247000
CY2021Q4 pnnt Increase Decrease In Base Management Fee Payable Net
IncreaseDecreaseInBaseManagementFeePayableNet
529000
CY2022Q4 pnnt Increase Decrease In Performance Based Incentive Fee Payable Net
IncreaseDecreaseInPerformanceBasedIncentiveFeePayableNet
2192000
CY2021Q4 pnnt Increase Decrease In Performance Based Incentive Fee Payable Net
IncreaseDecreaseInPerformanceBasedIncentiveFeePayableNet
2082000
CY2022Q4 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
5287000
CY2021Q4 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
5045000
CY2022Q4 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4485000
CY2021Q4 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
159000
CY2022Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9606000
CY2021Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-177350000
CY2022Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
9784000
CY2021Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
8045000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20357000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28556000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39581000
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
12248000
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
7252000
CY2022Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
299000
CY2021Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
695000
CY2021Q4 pnnt Non Cash Exchanges And Conversions
NonCashExchangesAndConversions
-31274000
CY2022Q4 pnnt Percentage Of Voting Securities Owned
PercentageOfVotingSecuritiesOwned
2.378
CY2022Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
1363502000
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
1196035000
CY2022Q4 pnnt Liabilities In Excess Of Other Assets
LiabilitiesInExcessOfOtherAssets
-721682000
CY2022Q4 us-gaap Assets Net
AssetsNet
502909000
CY2022Q4 pnnt Percentage Of Qualifying Assets To Total Assets
PercentageOfQualifyingAssetsToTotalAssets
0.80
CY2022Q4 pnnt Percentage Of Non Qualifying Assets To Total Assets
PercentageOfNonQualifyingAssetsToTotalAssets
0.20
CY2022Q3 pnnt Percentage Of Voting Securities Owned
PercentageOfVotingSecuritiesOwned
2.094
CY2022Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
1302029000
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
1226301000
CY2021Q4 pnnt Investment Company Ratio Of Total Expenses To Average Net Assets
InvestmentCompanyRatioOfTotalExpensesToAverageNetAssets
0.0956
CY2022Q4 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0744
CY2021Q4 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0757
CY2022Q4 us-gaap Assets Net
AssetsNet
502909000
CY2021Q4 us-gaap Assets Net
AssetsNet
677609000
CY2022Q3 pnnt Liabilities In Excess Of Other Assets
LiabilitiesInExcessOfOtherAssets
-693402000
CY2022Q3 us-gaap Assets Net
AssetsNet
585565000
CY2022Q3 pnnt Percentage Of Qualifying Assets To Total Assets
PercentageOfQualifyingAssetsToTotalAssets
0.88
CY2022Q3 pnnt Percentage Of Non Qualifying Assets To Total Assets
PercentageOfNonQualifyingAssetsToTotalAssets
0.12
CY2022Q4 pnnt Provision For Taxes On Net Investment Income
ProvisionForTaxesOnNetInvestmentIncome
2000000.0
CY2021Q4 pnnt Provision For Taxes On Net Investment Income
ProvisionForTaxesOnNetInvestmentIncome
200000
CY2022Q4 pnnt Provision For Taxes On Net Realized Gain On Investments
ProvisionForTaxesOnNetRealizedGainOnInvestments
0
CY2021Q4 pnnt Provision For Taxes On Net Realized Gain On Investments
ProvisionForTaxesOnNetRealizedGainOnInvestments
0
CY2022Q4 pnnt Provision For Taxes On Net Unrealized Gain On Investments
ProvisionForTaxesOnNetUnrealizedGainOnInvestments
900000
CY2021Q4 pnnt Provision For Taxes On Net Unrealized Gain On Investments
ProvisionForTaxesOnNetUnrealizedGainOnInvestments
5000000.0
CY2022Q4 pnnt Provision For Taxes On Net Realized And Unrealized Gains On Investments
ProvisionForTaxesOnNetRealizedAndUnrealizedGainsOnInvestments
2200000
CY2022 pnnt Provision For Taxes On Net Realized And Unrealized Gains On Investments
ProvisionForTaxesOnNetRealizedAndUnrealizedGainsOnInvestments
7100000
CY2022Q4 pnnt Excise Tax Percentage
ExciseTaxPercentage
0.04
CY2022Q4 pnnt Effective Tax Rate Before Excise Tax And Income Taxes
EffectiveTaxRateBeforeExciseTaxAndIncomeTaxes
0
CY2022Q4 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
694152000
CY2021Q4 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
697267000
CY2022Q4 pnnt Weighted Average Debt Per Share
WeightedAverageDebtPerShare
10.64
CY2021Q4 pnnt Weighted Average Debt Per Share
WeightedAverageDebtPerShare
10.40
CY2022Q4 pnnt Asset Coverage Per Unit
AssetCoveragePerUnit
1709000
CY2021Q4 pnnt Asset Coverage Per Unit
AssetCoveragePerUnit
1902000
CY2022Q4 pnnt Portfolio Turnover Rate
PortfolioTurnoverRate
0.0190
CY2021Q4 pnnt Portfolio Turnover Rate
PortfolioTurnoverRate
0.0973
CY2022Q4 pnnt Amount Used To Multiply Asset Coverage Ratio To Determine The Asset Coverage Per Unit
AmountUsedToMultiplyAssetCoverageRatioToDetermineTheAssetCoveragePerUnit
1000000
CY2022Q4 pnnt Asset Coverage Ratio
AssetCoverageRatio
1.50
CY2022Q4 pnnt Annual Rate Of Base Management Fee
AnnualRateOfBaseManagementFee
0.0150
CY2022Q4 pnnt Base Management Fee Amendment Description
BaseManagementFeeAmendmentDescription
on November 13, 2018, in connection with our board of directors’ approval of the application of the modified asset coverage requirements under the 1940 Act to the Company, our board of directors also approved an amendment to the Investment Management Agreement reducing the Investment Adviser’s annual base management fee from 1.50% to 1.00% on gross assets that exceed 200% of the Company’s total net assets as of the immediately preceding quarter-end. This amendment became effective on February 5, 2019 with the amendment and restatement of the Investment Management Agreement on April 12, 2019.
pnnt Annual Rate Of Base Management Fee
AnnualRateOfBaseManagementFee
0.0150
CY2019Q1 pnnt Annual Rate Of Base Management Fee
AnnualRateOfBaseManagementFee
0.0100
CY2022Q4 pnnt Base Management Fee Percentage Of Total Net Assets
BaseManagementFeePercentageOfTotalNetAssets
2
CY2022Q4 pnnt Base Management Fee Calculation Description
BaseManagementFeeCalculationDescription
The base management fee is calculated based on the average adjusted gross assets at the end of the two most recently completed calendar quarters, and appropriately adjusted for any share issuances or repurchases during the current calendar quarter.
CY2022Q4 pnnt Base Management Fee
BaseManagementFee
4600000
CY2021Q4 pnnt Base Management Fee
BaseManagementFee
5100000
CY2022Q4 pnnt Incentive Fee Quarter Hurdle Rate
IncentiveFeeQuarterHurdleRate
0.0175
CY2022Q4 pnnt Incentive Fee Annual Hurdle Rate
IncentiveFeeAnnualHurdleRate
-0.0700
CY2022Q4 pnnt Description Of Incentive Fee On Net Investment Income
DescriptionOfIncentiveFeeOnNetInvestmentIncome
We pay the Investment Adviser an incentive fee with respect to our Pre- Incentive Fee Net Investment Income in each calendar quarter as follows: (1) no incentive fee in any calendar quarter in which our Pre-Incentive Fee Net Investment Income does not exceed the hurdle rate of 1.75%, (2) 100% of our Pre-Incentive Fee Net Investment Income with respect to that portion of such Pre-Incentive Fee Net Investment Income, if any, that exceeds the hurdle rate but is less than 2.1212% in any calendar quarter (8.4848% annualized), and (3) 17.5% of the amount of our Pre-Incentive Fee Net Investment Income, if any, that exceeds 2.1212% in any calendar quarter.
CY2022Q4 pnnt Incentive Fees On Net Investment Income
IncentiveFeesOnNetInvestmentIncome
2200000
CY2021Q4 pnnt Incentive Fees On Net Investment Income
IncentiveFeesOnNetInvestmentIncome
2700000
CY2018Q1 pnnt Incentive Fee On Capital Gains Percentage
IncentiveFeeOnCapitalGainsPercentage
0.175
CY2017Q4 pnnt Incentive Fee On Capital Gains Percentage
IncentiveFeeOnCapitalGainsPercentage
-0.200
CY2022Q4 pnnt Incentive Fee On Capital Gains Percentage
IncentiveFeeOnCapitalGainsPercentage
0.175
CY2022Q4 pnnt Incentive Fee On Capital Gains Accrued
IncentiveFeeOnCapitalGainsAccrued
0
CY2021Q4 pnnt Incentive Fee On Capital Gains Accrued
IncentiveFeeOnCapitalGainsAccrued
0
CY2022Q4 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
86200000
CY2021Q4 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
295100000
CY2022Q4 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
30600000
CY2021Q4 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
132200000
CY2022Q4 pnnt Fair Value Investments Of Portfolio Assets Excluding Cash And Cash Equivalents Percentage
FairValueInvestmentsOfPortfolioAssetsExcludingCashAndCashEquivalentsPercentage
1
CY2022Q3 pnnt Fair Value Investments Of Portfolio Assets Excluding Cash And Cash Equivalents Percentage
FairValueInvestmentsOfPortfolioAssetsExcludingCashAndCashEquivalentsPercentage
1
CY2022Q4 pnnt Percentage Of Capital Ownership In Each Of Outstanding Subordinated Notes And Equity Interests
PercentageOfCapitalOwnershipInEachOfOutstandingSubordinatedNotesAndEquityInterests
0.605
CY2022 pnnt Percentage Of Capital Ownership In Each Of Outstanding Subordinated Notes And Equity Interests
PercentageOfCapitalOwnershipInEachOfOutstandingSubordinatedNotesAndEquityInterests
0.395
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1196035000
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
28556000
CY2022Q4 pnnt Investments And Cash And Cash Equivalents Fair Value Disclosure
InvestmentsAndCashAndCashEquivalentsFairValueDisclosure
1224591000
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
695588000
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1226301000
CY2022Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
52666000
CY2022Q3 pnnt Investments And Cash And Cash Equivalents Fair Value Disclosure
InvestmentsAndCashAndCashEquivalentsFairValueDisclosure
1278967000
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
704513000
CY2022Q4 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
-71894000
CY2021Q4 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
25510000
CY2022Q4 pnnt Investment Company Basic And Diluted Weighted Average Shares
InvestmentCompanyBasicAndDilutedWeightedAverageShares
65224500
CY2021Q4 pnnt Investment Company Basic And Diluted Weighted Average Shares
InvestmentCompanyBasicAndDilutedWeightedAverageShares
67045105
CY2022Q4 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-1.10
CY2021Q4 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
0.38
CY2022Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
8.98
CY2021Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
9.85
CY2022Q4 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.16
CY2021Q4 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.19
CY2022Q4 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-1.26
CY2021Q4 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
0.19
CY2022Q4 us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
-1.10
CY2021Q4 us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
0.38
CY2022Q4 us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.17
CY2021Q4 us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.12
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
7.71
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
10.11
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
5.75
CY2021Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
6.93
CY2022Q4 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0834
CY2021Q4 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0857
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65224500
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
67045105
CY2022Q4 pnnt Investment Company Ratio Of Operating Expenses To Average Net Assets
InvestmentCompanyRatioOfOperatingExpensesToAverageNetAssets
0.0713
CY2021Q4 pnnt Investment Company Ratio Of Operating Expenses To Average Net Assets
InvestmentCompanyRatioOfOperatingExpensesToAverageNetAssets
0.0540
CY2022Q4 pnnt Investment Company Ratio Of Interest And Expenses On Debt To Average Net Assets
InvestmentCompanyRatioOfInterestAndExpensesOnDebtToAverageNetAssets
0.0701
CY2021Q4 pnnt Investment Company Ratio Of Interest And Expenses On Debt To Average Net Assets
InvestmentCompanyRatioOfInterestAndExpensesOnDebtToAverageNetAssets
0.0416
CY2022Q4 pnnt Investment Company Ratio Of Total Expenses To Average Net Assets
InvestmentCompanyRatioOfTotalExpensesToAverageNetAssets
0.1414
CY2022Q4 pnnt Commitments To Fund Investments
CommitmentsToFundInvestments
172300000
CY2022 pnnt Commitments To Fund Investments
CommitmentsToFundInvestments
169200000

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