Business
Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2022
MCLEAN, VA / ACCESSWIRE / November 14, 2022 / 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 14, 2022 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended September 30, 2022. 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 30,2022 June 30,2022 Change % Change Total investment income $15,939 $13,784 $2,155 15.6%Total expenses, net of credits (8,462) (6,837) (1,625) 23.8 Net investment income 7,477 6,947 530 7.6 Net investment income per common share 0.22 0.2025 0.0175 8.6 Cash distribution per common share 0.2025 0.2025 - - Net realized gain (loss) (91) (8,149) 8,058 (98.9)Net unrealized appreciation (depreciation) (2,279) (4,397) 2,118 (48.2)Net increase (decrease) in net assets resulting from operations 5,107 (5,599) 10,706 (191.2)Weighted average yield on interest-bearing investments 11.2% 10.0% 1.2 12.0 Total invested $86,047 $67,282 $18,765 27.9 Total repayments and net proceeds 21,801 6,292 15,509 246.5 As of: September 30,2022 June 30,2022 Change % Change Total investments, at fair value $649,615 $586,462 $63,153 10.8%Fair value, as a percent of cost 99.0% 99.3% (0.3)% (0.3)Net asset value per common share $9.08 $9.12 $(0.04) (0.4) For the Year Ended: September 30, 2022 September 30, 2021 Change % Change Total investment income $63,150 $53,794 $9,356 17.4%Total expenses, net of credits (30,871) (27,672) (3,199) 11.6 Net investment income 32,279 26,122 6,157 23.6 Net investment income per common share 0.94 0.79 0.15 19.0 Cash distribution per common share 0.795 0.78 0.015 1.9 Net realized gain (loss) 5,173 3,180 1,993 62.7 Net unrealized appreciation (depreciation) (17,538) 54,997 (72,535) (131.9)Net increase (decrease) in net assets resulting from operations 19,914 84,299 (64,385) (76.4)Weighted average yield on interest-bearing investments 10.4% 10.6% (0.2)% (1.9)Total invested $274,898 $181,841 $93,057 51.2 Total repayments and proceeds 175,750 139,273 36,477 26.2 As of: September 30, 2022 September 30,2021 Change % Change Total investments, at fair value $649,615 $557,612 $92...