Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 13

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 First Lien Debt – 0.1%Diversified/Conglomerate Manufacturing – 0.1%Edge Adhesives Holdings, Inc.(K) – Term Debt (SOFR+5.5%, 9.6% Cash, Due 8/2026)(G)(J)9,210 $9,210 $770 Total Secured First Lien Debt$9,210 $770 Preferred Equity – 0.0%Diversified/Conglomerate Manufacturing – 0.0%Edge Adhesives Holdings, Inc.(K) – Preferred Stock(C)(J)8,199 $8,199 $— Total Preferred Equity$8,199 $— Total Control Investments$17,409 $770 TOTAL INVESTMENTS – 211.0%$1,037,200 $1,130,859 CASH EQUIVALENTS - 0.2%Dreyfus Treasury Obligations Cash Management Fund (3.77% market yield)(R)1,217 $1,217 $1,217 Total Cash Equivalents$1,217 $1,217 TOTAL INVESTMENTS AND CASH EQUIVALENTS - 211.2%$1,038,417 $1,132,076 

(A)Certain of the securities listed are issued by affiliate(s) of the indicated portfolio company. The majority of the securities listed, totaling $1.0 billion at fair value, are pledged as collateral to our revolving line of credit, as described further in Note 5—Borrowings in the accompanying Notes to Consolidated Financial Statements. Additionally, under Section 55 of the Investment Company Act of 1940, as amended (the "1940 Act"), we may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. As of September 30, 2025, our investments in Pyrotek Special Effects, Inc. ("Pyrotek") and Gladstone Alternative Income Fund ("Gladstone Alternative") are considered non-qualifying assets under Section 55 of the 1940 Act. Such non-qualifying assets represent 2.8% of total investments, at fair value, as of September 30, 2025.

(B)Unless indicated otherwise, all cash interest rates are indexed to 30-day Sec