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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001144204-08-012824.txt : 20080303
<SEC-HEADER>0001144204-08-012824.hdr.sgml : 20080303
<ACCEPTANCE-DATETIME>20080303113029
ACCESSION NUMBER:		0001144204-08-012824
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080303
DATE AS OF CHANGE:		20080303

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENNANTPARK INVESTMENT CORP
		CENTRAL INDEX KEY:			0001383414
		IRS NUMBER:				208250744
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-83172
		FILM NUMBER:		08658401

	BUSINESS ADDRESS:	
		STREET 1:		590 MADISON AVENUE
		STREET 2:		15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-905-1000

	MAIL ADDRESS:	
		STREET 1:		590 MADISON AVENUE
		STREET 2:		15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Pennant Investment CORP
		DATE OF NAME CHANGE:	20061229

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Peninsula Private Capital CORP
		DATE OF NAME CHANGE:	20061212

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALPINE TOTAL DYNAMIC DIVIDEND FUND
		CENTRAL INDEX KEY:			0001379400
		IRS NUMBER:				205785181
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		2500 WESTCHESTER AVE., SUITE 215
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		303-623-2577

	MAIL ADDRESS:	
		STREET 1:		C/O ALPS MUTUAL FUND SERVICES, INC.
		STREET 2:		1625 BRAODWAY, SUITE 2200
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>v105620_sc13g.txt
<TEXT>
                                            ------------------------------------
                                                          OMB APPROVAL
                                            ------------------------------------
                                            OMB Number: ...............3235-0145
                                            Expires: ..........February 28, 2009
                                            Estimated average burden
                                            hours per response .............10.4
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13G

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934

                       PennantPark Investment Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                    Common Stock, par value $0.001 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   708062104
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 April 19, 2007
- --------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

     Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

          |X|  Rule 13d-1(b)

          |_|  Rule 13d-1(c)

          |_|  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.


                                  Page 1 of 4
<PAGE>

CUSIP No. 708062104
- --------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).

     Alpine Total Dynamic Dividend Fund

     20-5785181
- --------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
     (a)  |_|
     (b)  |X|
- --------------------------------------------------------------------------------
3    SEC USE ONLY


- --------------------------------------------------------------------------------
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     United States-DE
- --------------------------------------------------------------------------------
               5    SOLE VOTING POWER

                    1,400,000
               -----------------------------------------------------------------
  NUMBER OF    6    SHARED VOTING POWER
   SHARES
BENEFICIALLY        0
  OWNED BY     -----------------------------------------------------------------
    EACH       7    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON           1,400,000
    WITH:      -----------------------------------------------------------------
               8    SHARED DISPOSITIVE POWER

                    0
- --------------------------------------------------------------------------------
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,400,000
- --------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (SEE INSTRUCTIONS)                                                      |_|

- --------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     7.0%
- --------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     IV
- --------------------------------------------------------------------------------

                                                                     Page 2 of 4

<PAGE>


Item 1(a).      Name of Issuer:

                PennantPark Investment Corporation

      (b).      Address of Issuer's Principal Executive Offices:

                445 Park Avenue, 10th Floor, New York, NY  10022

Item 2(a)-(c).  This Statement is filed by:

                Alpine Total Dynamic Dividend Fund as the "Reporting Person."

                The principal executive office address of Alpine Total Dynamic
                Dividend Fund is 2500 Westchester Avenue, Suite 215, Purchase,
                New York, 10577. Alpine Total Dividend Fund is a Delaware
                statutory trust.

      (d).      Title of Class of Securities:

                Common Stock, par value $0.001 per share

      (e).      CUSIP Number:

                708062104

Item 3.         The Reporting Person is:

      (d)       an investment company registered under section 8 of the
                Investment Company Act of 1940

Item 4.         Ownership.

     Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

      (a)       Amount beneficially owned: See Row 9 for the amount beneficially
                owned by the Reporting Person

      (b)       Percent of class: See Row 11 for the percentage of class
                beneficially owned by the Reporting Person. Such percentage is
                based on 20,000,000 shares of common stock outstanding as of
                April 26, 2007, as reported in Form 8-K.

      (c)       Number of shares as to which such person has: See Rows 5-8 for
                the voting and dispositive power for the Reporting Person

Item 5.         Ownership of Five Percent or Less of a Class.

                N/A

Item 6.         Ownership of More Than Five Percent on Behalf of Another Person.

                N/A

Item 7.         Identification and Classification of the Subsidiary Which
                Acquired the Security Being Reported on by the Parent Holding
                Company.

                N/A

Item 8.         Identification and Classification of Members of the Group.

                N/A

Item 9.         Notice of Dissolution of Group.

                N/A


                                                                     Page 3 of 4
<PAGE>

Item 10.        Certifications.

      By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  February 29, 2008               ALPINE TOTAL DYNAMIC DIVIDEND FUND


                                        By:  /s/ Sheldon R. Flamm
                                             -----------------------------------
                                             Sheldon R. Flamm
                                             Vice President and Principal
                                             Financial and Accounting Officer










                                                                     Page 4 of 4
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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