Gladstone Investment Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended March 31, 2023

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / May 10, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended March 31, 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 or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): March 31,2023 December 31,2022 $Change %Change For the quarter ended: Total investment income $19,857 $21,594 $(1,737) (8.0)% Total expenses, net(A) 10,213 13,025 (2,812) (21.6)% Net investment income(A) 9,644 8,569 1,075 12.5% Net realized gain 155 3,844 (3,689) (96.0)% Net unrealized (depreciation) appreciation (5,141) 3,366 (8,507) (252.7)% Net increase in net assets resulting from operations(A) $4,658 $15,779 $(11,121) (70.5)% Net investment income per weighted-average common share(A) $0.29 $0.26 $0.03 11.5% Adjusted net investment income per weighted-average common share(B) $0.26 $0.30 $(0.04) (13.3)% Net increase in net assets resulting from operations per weighted-average common share(A) $0.14 $0.47 $(0.33) (70.2)% Cash distribution per common share from net investment income $0.46 $0.22 $0.24 109.1% Cash distribution per common share from cumulative net realized gains(C) $0.02 $0.14 $(0.12) (85.7)% Weighted-average yield on interest-bearing investments 14.3% 13.4% 0.9% 6.7% Total dollars invested $250 $31,460 $(31,210) (99.2)% Total dollars repaid and/or collected from sales $2,000 $16,143 $(14,143) (87.6)% Weighted-average shares of common stock outstanding - basic and diluted 33,510,528 33,316,055 194,473 0.6% Total shares of common stock outstanding 33,591,505 33,447,001 144,504 0.4% As of: Total investments, at fair value $753,543 $760,463 $(6,920) (0.9)% Fair value, as a percent of cost 104.6% 105.3% (0.7)% (0.7)% Net assets $439,742 $449,191 $(9,449) (2.1)% Net asset value per common share $13.09 $13.43 $(0.34) (2.5)% Number of portfolio companies 25 25 - -% March 31,2023 March 31,2022 $Change %Change For the year ended: Total investment income $81,543 $72,552 $8,991 12.4% Total expenses, net(A) 44,543 57,562 (13,019) (22.6)% Net investment income(A) 37,000 14,990 22,010 146.8% Net reali...

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