Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2025

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / November 7, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its second fiscal quarter ended September 30, 2024. 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 30,2024 June 30,2024 $Change %Change For the quarter ended: Total investment income $22,565 $22,178 $387 1.7%Total expenses, net(A) 15,274 9,764 5,510 56.4%Net investment income(A) 7,291 12,414 (5,123) (41.3)%Net realized gain 42,303 2 42,301 NM Net unrealized (depreciation) (34,112) (18,942) (15,170) 80.1%Net increase (decrease) in net assets resulting from operations(A) $15,482 $(6,526) $22,008 NM Net investment income per weighted-average common share(A) $0.20 $0.34 $(0.14) (41.2)%Adjusted net investment income per weighted-average common share(B) $0.24 $0.24 $- -%Net increase (decrease) in net assets resulting from operations per weighted-average common share(A) $0.42 $(0.18) $0.60 NM Cash distribution per common share from net investment income $0.24 $0.24 $- -%Cash distribution per common share from net realized gains(C)(D) $0.70 $- $0.70 100.0%Weighted-average yield on interest-bearing investments 14.5% 14.5% -% -%Total dollars invested $19,500 $598 $18,902 NM Total dollars repaid and collected from sales and recapitalization of investments $73,522 $3,024 $70,498 NM Weighted-average shares of common stock outstanding - basic and diluted 36,688,667 36,688,667 - -%Total shares of common stock outstanding 36,688,667 36,688,667 - -% As of: Total investments, at fair value $853,307 $899,138 $(45,831) (5.1)%Fair value, as a percent of cost 101.6% 105.5% (3.9)% (3.7)%Net assets $458,375 $477,380 $(19,005) (4.0)%Net asset value per common share $12.49 $13.01 $(0.52) (4.0)%Number of portfolio companies 22 23 (1) (4.3)%NM = Not Meaningful(A) Inclusive of $1.6 million, or $0.04 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended September 30, 2024 and $3.8 million, or $0.10 per weighted-average common share, of capital gains-based ince...

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