Gladstone Investment Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended March 31, 2024

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / May 8, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended March 31, 2024. 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 31,2024 December 31,2023 $Change %Change For the quarter ended: Total investment income $23,648 $23,081 $567 2.5%Total expenses, net(A) 18,325 13,337 4,988 37.4%Net investment income(A) 5,323 9,744 (4,421) (45.4)%Net realized (loss) gain (14,650) 43,461 (58,111) NM Net unrealized appreciation (depreciation) 31,911 (46,626) 78,537 NM Net increase in net assets resulting from operations(A) $22,584 $6,579 $16,005 243.3%Net investment income per weighted-average common share(A) $0.15 $0.28 $(0.13) (46.4)%Adjusted net investment income per weighted-average common share(B) $0.24 $0.26 $(0.02) (7.7)%Net increase in net assets resulting from operations per weighted-average common share(A) $0.63 $0.19 $0.44 231.6%Cash distribution per common share from net investment income $0.24 $0.43 $(0.19) (44.2)%Cash distribution per common share from cumulative net realized gains(C) $- $0.81 $(0.81) (100.0)%Weighted-average yield on interest-bearing investments 14.3% 14.4% (0.1)% (0.7)%Total dollars invested $936 $68,200 $(67,264) (98.6)%Total dollars repaid and/or collected from sales $500 $77,953 $(77,453) (99.4)%Weighted-average shares of common stock outstanding - basic and diluted 36,114,984 34,351,597 1,763,387 5.1%Total shares of common stock outstanding 36,688,667 35,351,954 1,336,713 3.8% As of: Total investments, at fair value $920,504 $902,808 $17,696 2.0%Fair value, as a percent of cost 107.8% 103.9% 3.9% 3.7%Net assets $492,711 $459,941 $32,770 7.1%Net asset value per common share $13.43 $13.01 $0.42 3.2%Number of portfolio companies 24 25 (1) (4.0)% March 31,2024 March 31,2023 $Change %Change For the year ended: Total investment income $87,306 $81,543 $5,763 7.1%Total expenses, net(A) 65,529 44,543 20,986 47.1%Net investment income(A) 21,777 37,000 (15,223) (41.1)%Net realized gain 30,256 10,753 19,503...

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