Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2021

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / February 8, 2022 / Gladstone Investment Corporation (NASDAQ:GAIN) (the \"Company\") today announced earnings for its third quarter ended December 31, 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): December 31,2021 September 30,2021 $Change %Change For the quarter ended: Total investment income $16,742 $18,538 $(1,796) (9.7)%Total expenses, net(A) 8,343 16,373 (8,030) (49.0)%Net investment income(A) 8,399 2,165 6,234 287.9%Net realized gain (loss) 22,049 (1,534) 23,583 NM Net unrealized (depreciation) appreciation (20,102) 27,504 (47,606) (173.1)%Net increase in net assets resulting from operations(A) $10,346 $28,135 $(17,789) (63.2)%Net investment income per weighted-average common share(A) $0.25 $0.07 $0.18 261.3%Adjusted net investment income per weighted-average common share(B) $0.26 $0.23 $0.03 15.1%Net increase in net assets resulting from operations per weighted-average common share(A) $0.31 $0.85 $(0.54) (63.3)%Cash distribution per common share from net investment income $0.23 $0.16 $0.07 43.8%Cash distribution per common share from net realized gains(C) $0.09 $0.08 $0.01 12.5%Weighted-average yield on interest-bearing investments 11.9% 13.3% (1.4)% (10.5)%Total dollars invested $37,000 $30,400 $6,600 21.7%Total dollars repaid and collected from sales $74,719 $362 $74,357 NM Weighted-average shares of common stock outstanding - basic and diluted 33,205,023 33,205,023 - -% As of: Total investments, at fair value $700,738 $736,503 $(35,765) (4.9)%Fair value, as a percent of cost 103.7% 106.6% (2.9)% (2.7)%Net assets $440,589 $440,701 $(112) -%Net asset value per common share $13.27 $13.27 $- -%Number of portfolio companies 26 27 (1) (3.7)%NM = Not Meaningful(A) Inclusive of $0.4 million, or $0.01 per weighted-average common share, and $5.6 million, or $0.16 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended December 31, 2021 and September 30, 2021, respectively. These fees were accrued in accordance with United States generally accepted ...

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