Company: GAINI
Filing Date: 2025-05-13
Form Type: 10-K
Source: 0001321741-25-000010
Chunk: 36

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-05-13
Form: 10-K
Item: Item 8
Chunk 36
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 using a total enterprise value. 

/s/ PricewaterhouseCoopers LLP

Washington, District of Columbia

May 13, 2025

We have served as the Company’s auditor since 2005.

73

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(DOLLAR AMOUNTS IN THOUSANDS EXCEPT PER SHARE AMOUNTS)

March 31,20252024ASSETSInvestments at fair valueNon-Control/Non-Affiliate investments (Cost of $562,371 and $544,799, respectively)$648,589 $622,233 Affiliate investments (Cost of $359,286 and $292,082, respectively)330,388 295,366 Control investments (Cost of $17,409 and $17,409, respectively)343 2,905 Cash and cash equivalents14,298 2,460 Restricted cash and cash equivalents856 760 Interest receivable5,582 7,627 Due from administrative agent2,891 3,427 Deferred financing costs, net1,471 1,643 Other assets, net1,986 1,662 TOTAL ASSETS$1,006,404 $938,083 LIABILITIESBorrowings:Line of credit at fair value (Cost of $0 and $67,000, respectively)$— $67,000 Notes payable, net455,709 331,345 Total borrowings 455,709 398,345 Accounts payable and accrued expenses1,291 732 Interest payable4,879 3,465 Fees due to Adviser(A)43,817 41,344 Fee due to Administrator(A)767 727 Other liabilities857 759 TOTAL LIABILITIES507,320 445,372 Commitments and contingencies(B)NET ASSETS$499,084 $492,711 ANALYSIS OF NET ASSETSCommon stock, $0.001 par value per share, 100,000,000 shares authorized; 36,837,381 and 36,688,667 shares issued and outstanding, respectively$37 $37 Capital in excess of par value445,512 444,706 Cumulative net unrealized appreciation of investments40,254 66,214 Overdistributed net investment income (5,325)(19,562)Accumulated net realized gain in excess