Business
Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2023
MCLEAN, VA / ACCESSWIRE / November 13, 2023 / 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 13, 2023 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended September 30, 2023. 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 30,2023 June 30,2023 Change % Change Total investment income $23,756 $22,823 $933 4.1%Total expenses, net of credits (12,769) (11,147) (1,622) 14.6 Net investment income 10,987 11,676 (689) (5.9)Net investment income per common share 0.28 0.31 (0.03) (9.7)Cash distribution per common share (A) 0.2675 0.24 0.0275 11.5 Net realized gain (loss) (291) 2,955 (3,246) (109.8)Net unrealized appreciation (depreciation) 2,404 (2,747) 5,151 (187.5)Net increase (decrease) in net assets resulting from operations 13,100 11,884 1,216 10.2 Weighted average yield on interest-bearing investments 13.8% 13.6% 0.2% 1.5 Total invested $27,393 $70,615 $(43,222) (61.2)Total repayments and net proceeds 41,017 35,230 5,787 16.4 As of: September 30,2023 June 30,2023 Change % Change Total investments, at fair value $704,815 $715,324 $(10,509) (1.5)%Fair value, as a percent of cost 97.6% 97.3% 0.3% 0.3 Net asset value per common share $9.39 $9.27 $0.12 1.3 (A) Includes a $0.02 per common share supplemental distribution paid to common stockholders in September 2023.For the Year Ended: September 30, 2023 September 30,2022 Change % Change Total investment income $86,434 $63,150 $23,284 36.9%Total expenses, net of credits (45,414) (30,871) (14,543) 47.1 Net investment income 41,020 32,279 8,741 27.1 Net investment income per common share 1.10 0.94 0.16 17.0 Cash distribution per common share (A) 0.9425 0.795 0.1475 18.6 Net realized gain (loss) 12,664 5,173 7,491 144.8 Net unrealized appreciation (depreciation) (11,016) (17,538) 6,522 (37.2)Net increase (decrease) in net assets resulting from operations 42,668 19,914 22,754 114.3 Weighted average yield on interest-bearing investments 13.3% 10.4% 2.9% 27.9 Total invested $175,477 $274,898 $(99,421) (36.2)Total repayments and proceeds 125,191 175,7...