Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 1

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
,968 TOTAL NET ASSETS$490,053 $492,711 NET ASSET VALUE PER SHARE $13.30 $13.43 

(A)Refer to Note 4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.

(B)Refer to Note 9 — Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information.

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS.

2

Table of Contents

GLADSTONE INVESTMENT CORPORATION

 CONSOLIDATED STATEMENTS OF OPERATIONS

(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

(UNAUDITED)

Three Months Ended December 31,Nine Months Ended December 31,2024202320242023INVESTMENT INCOMEInterest incomeNon-Control/Non-Affiliate investments$15,041 $15,237 $44,688 $41,353 Affiliate investments5,413 6,351 17,287 18,285 Cash and cash equivalents74 111 174 731 Total interest income20,528 21,699 62,149 60,369 Dividend incomeNon-Control/Non-Affiliate investments— — 1,419 — Affiliate investments— — — 1,907 Total dividend income— — 1,419 1,907 Success fee incomeNon-Control/Non-Affiliate investments407 1,382 1,960 1,382 Affiliate investments436 — 586 — Total success fee income843 1,382 2,546 1,382 Total investment income$21,371 $23,081 $66,114 $63,658 EXPENSESBase management fee(A)$4,872 $4,602 $13,937 $12,874 Loan servicing fee(A)2,405 2,332 6,821 6,829 Incentive fee(A)9,353 1,667 7,797 15,401 Administration fee(A)405 450 1,478 1,306 Interest expense on borrowings6,385 6,520 19,264 17,598 Amortization of deferred financing costs and discounts691 589 1,951