Gladstone Investment Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended March 31, 2022

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / May 11, 2022 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended March 31, 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 or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): March 31,2022 December 31,2021 $Change %Change For the quarter ended: Total investment income $19,246 $16,742 $2,504 15.0%Total expenses, net(A) 12,516 8,343 4,173 50.0%Net investment income(A) 6,730 8,399 (1,669) (19.9)%Net realized (loss) gain (10,000) 22,049 (32,049) NM Net unrealized appreciation (depreciation) 19,966 (20,102) 40,068 NM Net increase in net assets resulting from operations(A) $16,696 $10,346 $6,350 61.4%Net investment income per weighted-average common share(A) $0.20 $0.25 $(0.05) (20.0)%Adjusted net investment income per weighted-average common share(B) $0.26 $0.26 $- -%Net increase in net assets resulting from operations per weighted-average common share(A) $0.50 $0.31 $0.19 61.3%Cash distribution per common share from net investment income $0.32 $0.23 $0.09 39.1%Cash distribution per common share from net realized gains(C) $0.02 $0.09 $(0.07) (77.8)%Weighted-average yield on interest-bearing investments 14.9% 11.9% 3.0% 25.2%Total dollars invested $8,188 $37,000 $(28,812) (77.9)%Total dollars repaid and/or collected from sales $4,500 $74,719 $(70,219) (94.0)%Weighted-average shares of common stock outstanding - basic and diluted 33,205,023 33,205,023 - -% As of: Total investments, at fair value $714,396 $700,738 $13,658 1.9%Fair value, as a percent of cost 106.7% 103.7% 3.0% 2.9%Net assets $445,830 $440,589 $5,241 1.2%Net asset value per common share $13.43 $13.27 $0.16 1.2%Number of portfolio companies 26 26 - -% March 31,2022 March 31,2021 $Change %Change For the year ended: Total investment income $72,552 $56,627 $15,925 28.1%Total expenses, net(A) 57,562 38,689 18,873 48.8%Net investment income(A) 14,990 17,938 (2,948) (16.4)%Net realized gain 12,444 10,592 1,852 17.5%Net unrealized appreciation 74,882 13,924 60,958 437.8%Net increase in net assets resulting from operations(...

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