Gladstone Investment Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended March 31, 2025

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[{"type":"text","content":"MCLEAN, VA / ACCESS Newswire / May 13, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended March 31, 2025. 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 31,2025 December 31,2024 $Change %Change For the quarter ended: Total investment income $27,548 $21,371 $6,177 28.9%Total expenses, net(A) 20,319 20,210 109 0.5%Net investment income(A) 7,229 1,161 6,068 NM Net realized gain 20,879 - 20,879 NM Net unrealized (depreciation) appreciation (10,235) 37,329 (47,564) NM Net increase in net assets resulting from operations(A) $17,873 $38,490 $(20,617) (53.6)%Net investment income per weighted-average common share(A) $0.20 $0.03 $0.17 NM Adjusted net investment income per weighted-average common share(B) $0.26 $0.23 $0.03 13.0%Net increase in net assets resulting from operations per weighted-average common share(A) $0.49 $1.05 $(0.56) (53.3)%Cash distribution per common share from net investment income $- $0.16 $(0.16) (100.0)%Cash distribution per common share from cumulative net realized gains(C) $0.24 $0.08 $0.16 200.0%Weighted-average yield on interest-bearing investments 13.2% 14.0% (0.8)% (5.7)%Total dollars invested $14,024 $187,094 $(173,070) (92.5)%Total dollars repaid and/or collected from sales andrecapitalization of investments $117,579 $5,500 $112,079 NM Weighted-average shares of common stock outstanding - basic and diluted 36,837,381 36,727,873 109,508 0.3%Total shares of common stock outstanding 36,837,381 36,837,381 - -% As of: Total investments, at fair value $979,320 $1,072,230 $(92,910) (8.7)%Fair value, as a percent of cost 104.3% 104.9% (0.6)% (0.6)%Net assets $499,084 $490,053 $9,031 1.8%Net asset value per common share $13.55 $13.30 $0.25 1.9%Number of portfolio companies 25 26 (1) (3.8)% March 31,2025 March 31,2024 $Change %Change For the year ended: Total investment income $93,662 $87,306 $6,356 7.3%Total expenses, net(A) 65,567 65,529 38 0.1%Net investment income(A) 28,095 21,777 6,318 29.0%Net realized gain 63,184 30,256 ...

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