|[December 17, 2012]
Faruqi & Faruqi, LLP Launches An Investigation Against PennantPark Investment Corporation (PNNT) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of PennantPark
Investment Corporation ("PennantPark" or the "Company") (NasdaqGS: PNNT)
for potential breaches of fiduciary duties in connection with their
conduct in seeking shareholders' approval to authorize the future sale
of shares at a price below then-current net asset values.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on December 7, 2012, the Board of
Directors recommends that PennantPark's shareholders vote to approve the
sale of shares of the Company's common stock, during the next 12 months,
at a price below the then-current net asset value per share. The sale of
shares below net asset values could have a negative effect on the price
per share of PennantPark common stock.
Request more information now by clicking here: www.faruqilaw.com/PNNT.
There is no cost or obligation to you.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in PennantPark and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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