Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2023

About this update from Gladstone Investment Corporation - Business Development Company

[{"type":"text","content":"MCLEAN, VA / ACCESSSWIRE / November 1, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) (the \"Company\") today announced earnings for its second fiscal quarter ended September 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)) : September 30, 2023 June 30, 2023 $Change %Change For the quarter ended: Total investment income $20,277 $20,300 $(23) (0.1)%Total expenses, net (A) 22,007 11,860 10,147 85.6%Net investment (loss) income (A) (1,730) 8,440 (10,170) NM Net realized gain 289 1,155 (866) (75.0)%Net unrealized appreciation (depreciation) 48,797 (809) 49,606 NM Net increase in net assets resulting from operations (A) $47,356 $8,786 $38,570 439.0%Net investment (loss) income per weighted-average common share (A) $(0.05) $0.25 $(0.30) NM Adjusted net investment income per weighted-average common share (B) $0.24 $0.25 $(0.01) (4.0)%Net increase in net assets resulting from operations per weighted-average common share (A) $1.40 $0.26 $1.14 438.5%Cash distribution per common share from net investment income $0.20 $0.21 $(0.01) (4.8)%Cash distribution per common share from net realized gains (C) $0.16 $0.15 $0.01 6.7%Weighted-average yield on interest-bearing investments 14.6% 14.7% (0.1)% (1.0)%Total dollars invested $66,813 $47,975 $18,838 39.3%Total dollars repaid and collected from sales and recapitalization of investments $- $1,775 $(1,775) (100.0)%Weighted-average shares of common stock outstanding - basic and diluted 33,817,214 33,591,505 225,709 0.7%Total shares of common stock outstanding 33,895,675 33,591,505 304,170 0.9% As of: Total investments, at fair value $915,636 $800,078 $115,558 14.4%Fair value, as a percent of cost 109.7% 104.2% 5.5% 5.3%Net assets $475,666 $436,435 $39,231 9.0%Net asset value per common share $14.03 $12.99 $1.04 8.0%Number of portfolio companies 26 25 1 4.0%NM = Not Meaningful(A) Inclusive of $9.8 million, or $0.29 per weighted-average common share, and $0.1 million, or $0.00 per weighted-average common share of capital gains-based incentive fees accrued during the three months ended Sept...

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