Business
Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2020
MCLEAN, VA / ACCESSWIRE / November 10, 2020 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its fourth quarter and
About this update from Gladstone Capital Corporation
[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / November 10, 2020 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended September 30, 2020. Please read the Company's Annual Report on Form 10-K filed today with the U.S. Securities and Exchange Commission (the \"SEC\"), which is available on the SEC's website at www.sec.gov, and the investors section of the Company's website at www.GladstoneCapital.com.Summary Information (dollars in thousands, except per share data) (unaudited):For the Quarter Ended: September 30,2020 June 30,2020 Change % Change Total investment income $12,579 $11,729 $850 7.2%Total expenses, net of credits (6,463)(5,646)(817)14.5 Net investment income 6,116 6,083 33 0.5 Net investment income per common share 0.195 0.195 - - Cash distribution per common share 0.195 0.195 - - Net realized gain (loss) 135 (107)242 (226.2)Net unrealized appreciation (depreciation) 3,996 8,981 (4,985)(55.5)Net increase (decrease) in net assets resulting from operations 10,247 14,957 (4,710)(31.5)Weighted average yield on interest-bearing investments 10.9%10.9%-%- Total invested $21,902 $55,677 $(33,775)(60.7)Total repayments and net proceeds 22,635 17,084 5,551 32.5 As of: September 30,2020 June 30,2020 Change % Change Total investments, at fair value $450,400 $446,676 $3,724 0.8%Fair value, as a percent of cost 91.1%90.3%0.8%0.9 Net asset value per common share $7.40 $7.27 $0.13 1.8 For the Year Ended: September 30, 2020 September 30, 2019 Change % Change Total investment income $47,959 $50,035 $(2,076) (4.1)%Total expenses, net of credits (22,796) (25,455) 2,659 (10.4) Net investment income 25,163 24,580 583 2.4 Net investment income per common share 0.81 0.84 (0.03) (3.6) Cash distribution per common share 0.81 0.84 (0.03) (3.6) Net realized loss (8,883) (16,388) 7,505 (45.8) Net unrealized appreciation (depreciation) (18,153) 11,677 (29,830) (255.5) Net increase (decrease) in net assets resulting from operations (1,873) 19,869 (21,742) (109.4) Weighted average yield on interest-bearing investments 11.0%12.3%(1.3)%(10.6) Total invested $149,906 $147,067 $2,839 1.9 Total repayments and proceeds 78,755 131,061 (52,306) (39.9) As of: September 30, 2020 September 30, 2019 Change % Change Total investments, at fair value $450,400 $402,875 $47,525 11.8 Fair value as a percent of...