Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2022

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / August 3, 2022 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its first quarter ended June 30, 2022. 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 30,2022 March 31,2022 $Change %Change For the quarter ended: Total investment income $19,297 $19,246 $51 0.3 %Total expenses, net(A) 11,926 12,516 (590) (4.7)%Net investment income(A) 7,371 6,730 641 9.5 %Net realized gain (loss) 4,452 (10,000) 14,452 NM Net unrealized (depreciation) appreciation 212 19,966 (19,754) (98.9)%Net increase in net assets resulting from operations(A) $12,035 $16,696 $(4,661) (27.9)%Net investment income per weighted-average common share(A) $0.22 $0.20 $0.02 10.0 %Adjusted net investment income per weighted-average common share(B) $0.25 $0.26 $(0.01) (3.9)%Net increase in net assets resulting from operations per weighted-average common share(A) $0.36 $0.50 $(0.14) (28.0)%Cash distribution per common share from net investment income $0.10 $0.32 $(0.22) (68.8)%Cash distribution per common share from net realized gains(C) $0.25 $0.02 $0.23 NM Weighted-average yield on interest-bearing investments 11.9% 14.9% (3.0)% (20.1)%Total dollars invested $27,800 $8,188 $19,612 239.5 %Total dollars repaid and collected from sales $57,352 $4,500 $52,852 NM Weighted-average shares of common stock outstanding - basic and diluted 33,205,023 33,205,023 - - % As of: Total investments, at fair value $689,513 $714,396 $(24,883) (3.5)%Fair value, as a percent of cost 107.0% 106.7% 0.3% 0.3 %Net assets $446,409 $445,830 $579 0.1 %Net asset value per common share $13.44 $13.43 $0.01 0.1 %Number of portfolio companies 26 26 - - %NM = Not MeaningfulInclusive of $0.9 million, or $0.03 per weighted-average common share, and $2.0 million, or $0.06 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended June 30, 2022 and March 31, 2022, respectively. These fees were accrued in accordance with United States generally accepted accounting principles (\"U.S. GAAP\...

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