Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2023

About this update from Gladstone Investment Corporation - Business Development Company

[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / August 2, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) (the \"Company\") today announced earnings for its first fiscal quarter ended June 30, 2023. 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, 2023 March 31, 2023 $Change %Change For the quarter ended: Total investment income $20,300 $19,857 $443 2.2% Total expenses, net (A) 11,860 10,213 1,647 16.1% Net investment income (A) 8,440 9,644 (1,204) (12.5)% Net realized gain 1,155 155 1,000 645.2% Net unrealized depreciation (809) (5,141) 4,332 (84.3)% Net increase in net assets resulting from operations (A) $8,786 $4,658 $4,128 88.6% Net investment income per weighted-average common share (A) $0.25 $0.29 $(0.04) (13.8)% Adjusted net investment income per weighted-average common share (B) $0.25 $0.26 $(0.01) (3.8)% Net increase in net assets resulting from operations per weighted-average common share (A) $0.26 $0.14 $0.12 85.7% Cash distribution per common share from net investment income $0.21 $0.46 $(0.25) (54.3)% Cash distribution per common share from net realized gains (C) $0.15 $0.02 $0.13 650.0% Weighted-average yield on interest-bearing investments 14.7% 14.3% 0.4% 2.8% Total dollars invested $47,975 $250 $47,725 NM Total dollars repaid and collected from sales and recapitalization of investments $1,775 $2,000 $(225) (11.3)% Weighted-average shares of common stock outstanding - basic and diluted 33,591,505 33,510,528 80,977 0.2% Total shares of common stock outstanding 33,591,505 33,591,505 - -% As of: Total investments, at fair value $800,078 $753,543 $46,535 6.2% Fair value, as a percent of cost 104.2% 104.6% (0.4)% (0.4)% Net assets $436,435 $439,742 $(3,307) (0.8)% Net asset value per common share $12.99 $13.09 $(0.10) (0.8)% Number of portfolio companies 25 25 - -% NM = Not Meaningful(A) Inclusive of $0.1 million, or $0.00 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended June 30, 2023 and $1.0 million, or $0.03 per weighted-average common share, of capital gains-based...

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