Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2021

About this update from Gladstone Investment Corporation - Business Development Company

[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / November 2, 2021 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its second quarter ended September 30, 2021. 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)): September 30, 2021 June 30, 2021 Change %Change For the quarter ended: Total investment income $18,538 $18,026 $512 2.8%Total expenses, net(A) 16,373 20,330 (3,957) (19.5)Net investment income (loss)(A) 2,165 (2,304) 4,469 194.0 Net realized (loss) gain (1,534) 1,929 (3,463) NM Net unrealized appreciation 27,504 47,514 (20,010) (42.1)Net increase in net assets resulting from operations(A) 28,135 47,139 (19,004) (40.3)Net investment income (loss) per weighted-average common share(A) 0.07 (0.07) 0.14 NM Adjusted net investment income per weighted-average common share(B) 0.23 0.24 (0.01) (4.2)Net increase in net assets resulting from operations per weighted-average common share(A) 0.85 1.42 (0.57) (40.1)Cash distribution per common share from net investment income 0.16 0.20 (0.04) (20.0)Cash distribution per common share from net realized gains(C) 0.08 0.07 0.01 14.3 Weighted-average yield on interest-bearing investments 13.3% 13.8% (0.5)% (3.6)%Total dollars invested $30,400 $17,150 $13,250 77.3 Total dollars repaid andcollected from sales 362 21,835 (21,473) (98.3) As of: Total investments, at fair value $736,503 $678,594 $57,909 8.5%Fair value, as a percent of cost 106.6% 102.7% 3.9% 3.8 Net assets $440,701 $420,538 $20,163 4.8 Net asset value per common share 13.27 12.66 0.61 4.8 Number of portfolio companies 27 27 - - Inclusive of $5.6 million, or $0.16 per weighted-average common share, and $10.3 million, or $0.31 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended September 30, 2021 and June 30, 2021, respectively. These fees were accrued in accordance with United States generally accepted accounting principles (\"U.S. GAAP\"), where such amounts were not contractually due under the terms of the investment advisory agreement for the respective ...

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