Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2023

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / February 6, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its third fiscal quarter ended December 31, 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)) : December 31, 2023 September 30, 2023 $Change %Change For the quarter ended: Total investment income $23,081 $20,277 $2,804 13.8%Total expenses, net (A) 13,337 22,007 (8,670) (39.4)%Net investment (loss) income (A) 9,744 (1,730) 11,474 NM Net realized gain 43,461 289 43,172 NM Net unrealized appreciation (depreciation) (46,626) 48,797 (95,423) NM Net increase in net assets resulting from operations (A) $6,579 $47,356 $(40,777) (86.1)%Net investment (loss) income per weighted-average common share (A) $0.28 $(0.05) $0.33 NM Adjusted net investment income per weighted-average common share (B) $0.26 $0.24 $0.02 8.3%Net increase in net assets resulting from operations per weighted-average common share (A) $0.19 $1.40 $(1.21) (86.4)%Cash distribution per common share from net investment income $0.43 $0.20 $0.23 115.0%Cash distribution per common share from net realized gains (C) $0.81 $0.16 $0.65 406.3%Weighted-average yield on interest-bearing investments 14.4% 14.6% (0.2)% (1.3)%Total dollars invested $68,200 $66,813 $1,387 2.1%Total dollars repaid and collected from sales and recapitalization of investments $77,953 $- $77,953 NM Weighted-average shares of common stock outstanding - basic and diluted 34,351,597 33,817,214 534,383 1.6%Total shares of common stock outstanding 35,351,954 33,895,675 1,456,279 4.3% As of: Total investments, at fair value $902,808 $915,636 $(12,828) (1.4)%Fair value, as a percent of cost 103.9% 109.7% (5.8)% (5.2)%Net assets $459,941 $475,666 $(15,725) (3.3)%Net asset value per common share $13.01 $14.03 $(1.02) (7.3)%Number of portfolio companies 25 26 (1) (3.8)%NM = Not meaningful(A) Inclusive of $0.6 million, or $0.02 per weighted-average common share, of capital gains-based incentive fees reversed during the three months ended December 31, 2023 and $9.8 million, or $0.29 p...

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