On February 26, 2013, PennantPark Investment Corporation (the "Company") reconvened its annual meeting of stockholders to consider the proposal to elect one director of the Company. The proposal is described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on December 7, 2012. As of December 11, 2012, the record date, 66,356,911 shares of common stock were eligible to vote. A summary of the matter voted upon by the stockholders is set forth below.

Proposal 1. The Company's stockholders elected Arthur H. Penn as a Class III director of the Company, who will serve until the 2016 annual meeting of stockholders, or until his successor is duly elected and qualified or until his earlier resignation, removal from office, death or incapacity. The voting results are set forth below:

                                                                    Broker
            Name                    For           Withheld         Non Vote
            Arthur H. Penn        33,629,717        554,514        25,546,009
            % of Shares Voted          98.38 %         1.62 %             N/A

On February 26, 2013, the Company reconvened the special meeting of stockholders to consider one proposal as described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on December 7, 2012. As of December 11, 2012, the record date, 66,356,911 shares of common stock were eligible to vote. A summary of the matter voted upon by the stockholders is set forth below.

Proposal 1. The Company's stockholders approved a proposal to authorize flexibility for the Company, with the approval of its Board of Directors, to sell shares of its common stock during the next 12 months at a price below its then current net asset value per share, subject to certain limitations as described the proxy statement. The voting results are set forth below:

                                     For             Against         Abstain
            With Affiliates        29,350,679        4,277,654        209,941
            % of Shares Voted           86.74 %          12.64 %         0.62 %
            Without Affiliates     28,449,823        4,277,654        209,941
            % of Shares Voted           86.38 %          12.99 %         0.64 %