Business
Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2021
MCLEAN, VA / ACCESSWIRE / November 15, 2021 / 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 15, 2021 / Gladstone Capital Corporation (NASDAQ:GLAD) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended September 30, 2021. 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 30,2021 June 30,2021 Change % Change Total investment income $14,361 $13,666 $695 5.1%Total expenses, net of credits (7,522) (7,062) (460) 6.5 Net investment income 6,839 6,604 235 3.6 Net investment income per common share 0.199 0.195 0.004 2.1 Cash distribution per common share 0.195 0.195 - - Net realized gain (loss) (110) 6,531 (6,641) (101.7)Net unrealized appreciation (depreciation) 26,014 4,819 21,195 439.8 Net increase (decrease) in net assets resulting from operations 32,743 17,954 14,789 82.4 Weighted average yield on interest-bearing investments 10.3% 10.5% (0.2)% (1.9)Total invested $27,551 $53,192 $(25,641) (48.2)Total repayments and net proceeds 2,791 54,428 (51,637) (94.9) As of: September 30,2021 June 30,2021 Change % Change Total investments, at fair value $557,612 $506,372 $51,240 10.1%Fair value, as a percent of cost 102.0% 97.1% 4.9% 5.0 Net asset value per common share $9.28 $8.52 $0.76 8.9 For the Year Ended: September 30, 2021 September 30, 2020 Change % Change Total investment income $53,794 $47,959 $5,835 12.2%Total expenses, net of credits (27,672) (22,796) (4,876) 21.4 Net investment income 26,122 25,163 959 3.8 Net investment income per common share 0.79 0.81 (0.02) (2.5)Cash distribution per common share 0.78 0.81 (0.03) (3.7)Net realized gain (loss) 3,180 (8,883) 12,063 (135.8)Net unrealized appreciation (depreciation) 54,997 (18,153) 73,150 (403.0)Net increase (decrease) in net assets resulting from operations 84,299 (1,873) 86,172 NM Weighted average yield on interest-bearing investments 10.6% 11.0% (0.4)% (3.6)Total invested $181,841 $149,906 $31,935 21.3 Total repayments and proceeds 139,273 78,755 60,518 76.8 As of: September 30, 2021 September 30,2020 Change % Change Total investments, at fair value $557,612 $450,400 $107,212 23....