PENNANTPARK INVT CORP

Ticker: PNNT CUSIP: 708062104 Class: CEF

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 33,200 Value ($000) $372 Avg Close $2.80 Range $2.67 - $2.91

Q2 2014

Shares 33,200 Value ($000) $390 Avg Close $2.61 Range $2.45 - $2.82

Q1 2014

Shares 33,200 Value ($000) $367 Avg Close $2.62 Range $2.54 - $2.71

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	33,200	$372	$2.80	$2.67 - $2.91
Q2 2014	33,200	$390	$2.61	$2.45 - $2.82
Q1 2014	33,200	$367	$2.62	$2.54 - $2.71