Company: GAINI
Filing Date: 2025-05-13
Form Type: 10-K
Source: 0001321741-25-000010
Chunk: 173

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-05-13
Form: 10-K
Item: Item 5
Chunk 173
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 investors in the Company. The following annualized percentages were calculated based on actual expenses, except with respect to capital gains-based incentive fees as discussed below, incurred in the quarter ended March 31, 2025 and average net assets for the quarter ended March 31, 2025. The table and examples below include all fees and expenses of our consolidated subsidiaries.

Stockholder Transaction Expenses:Sales load or other commission (as a percentage of offering price)(1)— %Offering expenses (as a percentage of offering price)(1)— %Dividend reinvestment plan expenses (per sales transaction fee)(2)Up to $25 Transaction feeTotal stockholder transaction expenses (as a percentage of offering price)(1)—%Annual expenses (as a percentage of net assets attributable to common stock)(3):Base management fee(4)4.18 %Loan servicing fee(5)2.28 %Incentive fees(6)3.61 %Interest payments on borrowed funds(7)7.99 %Other expenses(8)1.42 %Total annual expenses(9)19.48 %(1)The amounts set forth in the table above do not reflect the impact of any sales load or other commission or offering expenses borne by the Company and its common stockholders. If applicable, the prospectus or prospectus supplement relating to an offering of our common stock will disclose the offering price and the estimated offering expenses and total stockholder transaction expenses borne by the Company and its common stockholders as a percentage of the offering price. In the event that shares of our common stock are sold to or through underwriters, the applicable prospectus or prospectus supplement will also disclose the applicable sales load or other commission. (2)The expenses of the dividend reinvestment plan, if any, are included in stock record expenses, a component of “Other expenses.” If a participant elects by written notice to the plan agent prior to termination of his or her account to have the plan agent sell part or all of the shares held by the plan agent in the participant’s account and remit the proceeds to the participant, the plan agent is authorized to deduct a transaction fee, plus per share brokerage commissions, from the proceeds. The participants in the dividend reinvestment plan will also bear a transaction fee, plus per share brokerage commissions incurred with respect to open market purchases, if any. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Distributions