Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 199

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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 year period. The effective interest rate on our Credit Facility, excluding the impact of deferred financing costs, during the three months ended September 30, 2025 was 8.9%, as compared to 11.0% in the prior year period. The decrease in the effective interest rate on the Credit Facility was primarily a result of lower interest rates on the drawn portion of our Credit Facility, partially offset by an increase in unused commitment fees on the undrawn portion of the Credit Facility during the three months ended September 30, 2025.

Other expenses decreased $0.8 million, or 45.3%, during the three months ended September 30, 2025, as compared to the prior year period, due to a decrease in tax expense and bad debt expense.

50

Realized and Unrealized Gain (Loss)

The realized gains (losses) and unrealized appreciation (depreciation) across our investments for the three months ended September 30, 2025 and 2024 were as follows:

Three Months Ended September 30, 2025Portfolio CompanyRealized Gain (Loss) on InvestmentsUnrealized Appreciation (Depreciation)Reversal of Unrealized (Appreciation) DepreciationNet Gain (Loss)SFEG Holdings, Inc.$— $20,553 $— $20,553 The E3 Company, LLC— 10,769 — 10,769 Schylling, Inc.— 5,683 — 5,683 Dema/Mai Holding, Inc.— 4,417 — 4,417 Brunswick Bowling Products, Inc.— 3,378 — 3,378 J.R. Hobbs Co. - Atlanta, LLC(29,938)12,362 19,104 1,528 Ginsey Home Solutions, Inc.— 1,208 — 1,208 Horizon Facilities Services, Inc.— 978 — 978 Phoenix Door Systems, Inc.— (1,026)— (1,026)Pyrotek Special Effects, Inc.— (1,169)— (1,169)Home Concepts Acquisition, Inc.— (1,286)— (1,286)The Maids International, LLC— (1,288)— (1,288)Smart Chemical Solutions, LLC— (1,694)— (1,694)PSI Molded Plastics,