Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2024

About this update from Gladstone Investment Corporation - Business Development Company

[{"type":"text","content":"MCLEAN, VA / ACCESS Newswire / February 12, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its third fiscal quarter ended December 31, 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)): December 31,2024 September 30,2024 $Change %Change For the quarter ended: Total investment income $21,371 $22,565 $(1,194) (5.3)%Total expenses, net(A) 20,210 15,274 4,936 32.3%Net investment income(A) 1,161 7,291 (6,130) (84.1)%Net realized gain - 42,303 (42,303) (100.0)%Net unrealized appreciation (depreciation) 37,329 (34,112) 71,441 NM Net increase in net assets resulting from operations(A) $38,490 $15,482 $23,008 148.6%Net investment income per weighted-average common share(A) $0.03 $0.20 $(0.17) (85.0)%Adjusted net investment income per weighted-average common share(B) $0.23 $0.24 $(0.01) (4.2)%Net increase in net assets resulting from operations per weighted-average common share(A) $1.05 $0.42 $0.63 150.0%Cash distribution per common share from net investment income $0.16 $0.24 $(0.08) (33.3)%Cash distribution per common share from net realized gains(C)(D) $0.08 $0.70 $(0.62) (88.6)%Weighted-average yield on interest-bearing investments 14.0% 14.5% (0.5)% (3.4)%Total dollars invested $187,094 $19,500 $167,594 NM Total dollars repaid and collected from sales and recapitalization of investments $5,500 $73,522 $(68,022) (92.5)%Weighted-average shares of common stock outstanding - basic and diluted 36,727,873 36,688,667 39,206 0.1%Total shares of common stock outstanding 36,837,381 36,688,667 148,714 0.4% As of: Total investments, at fair value $1,072,230 $853,307 $218,923 25.7%Fair value, as a percent of cost 104.9% 101.6% 3.3% 3.2%Net assets $490,053 $458,375 $31,678 6.9%Net asset value per common share $13.30 $12.49 $0.81 6.5%Number of portfolio companies 26 22 4 18.2%NM = Not Meaningful(A) Inclusive of $7.5 million, or $0.20 per weighted-average common share, and $1.6 million, or $0.04 per weighted-average common share, of capital gains-based incentive fees accrued during the three month...

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