Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2021

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / August 2, 2021 / Gladstone Investment Corporation (NASDAQ:GAIN) (the \"Company\") today announced earnings for its first quarter ended June 30, 2021. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the \"SEC\"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): June 30, 2021 March 31, 2021 Change %Change For the quarter ended: Total investment income $18,026 $16,708 $1,318 7.9%Total expenses, net(A) 20,330 13,566 6,764 49.9 Net investment (loss) income(A) (2,304) 3,142 (5,446) NM Net realized gain 1,929 113 1,816 NM Net unrealized appreciation 47,514 17,259 30,255 175.3 Net increase in net assets resulting from operations(A) 47,139 20,514 26,625 129.8 Net investment (loss) income per weighted-average common share(A) (0.07) 0.09 (0.16) NM Adjusted net investment income per weighted-average common share(B) 0.24 0.20 0.04 20.0 Net increase in net assets resulting from operations per weighted-average common share(A) 1.42 0.62 0.80 129.0 Cash distribution per common share from net investment income 0.20 0.15 0.05 33.3 Cash distribution per common share from net realized gains(C) 0.07 0.06 0.01 16.7 Weighted-average yield on interest-bearing investments 13.8% 11.9% 1.9% 16.0%Total dollars invested $17,150 $5,701 $11,449 200.8 Total dollars repaid andcollected from sales 21,835 532 21,303 NM As of: Total investments, at fair value $678,594 $633,829 $44,764 7.1%Fair value, as a percent of cost 102.7% 95.5% 7.2% 7.5 Net assets $420,538 $382,364 $38,174 10.0 Net asset value per common share 12.66 11.52 1.14 9.9 Number of portfolio companies 27 28 (1) (3.6)Inclusive of $10.3 million, or $0.31 per weighted-average common share, and $3.6 million, or $0.11 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended June 30, 2021 and March 31, 2021, respectively. These fees were accrued in accordance with United States generally accepted accounting principles (\"U.S. GAAP\"), where such amounts were not contractually due under the terms of the investment advisory agreement for the respective periods. Also see discussion under Non-GAAP ...

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