Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 45

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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,267 Multiplied by prorated annual base management fee of 2.0%0.5 %0.5 %1.5 %1.5 %Base management fee(B)4,872 4,602 13,937 12,874 Credits to fees from Adviser - other(B)(2,851)(1,793)(4,147)(5,117)Net base management fee$2,021 $2,809 $9,790 $7,757 Loan servicing fee(B)2,405 2,332 6,821 6,829 Credits to base management fee - loan servicing fee(B)(2,405)(2,332)(6,821)(6,829)Net loan servicing fee$— $— $— $— Incentive fee – income-based$1,887 $2,282 $2,481 $6,142 Incentive fee – capital gains-based(C)7,466 (615)5,316 9,259 Total incentive fee(B)$9,353 $1,667 $7,797 $15,401 Credits to fees from Adviser - other(B)— — — — Net total incentive fee$9,353 $1,667 $7,797 $15,401 (A)Average total assets subject to the base management fee is defined in the Advisory Agreement as total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the applicable quarters within the respective periods and adjusted appropriately for any share issuances or repurchases during the periods.(B)Reflected as a line item on our accompanying Consolidated Statements of Operations. (C)The capital gains-based incentive fees are recorded in accordance with GAAP and do not necessarily reflect amounts contractually due under the terms of the Advisory Agreement.Base Management FeeThe base management fee is payable quarterly to the Adviser pursuant to our Advisory Agreement and is assessed at an annual rate of 2.0%, computed on the basis of the value of our average gross assets at the end of the two most recently completed quarters (inclusive of the current quarter), which are total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the applicable quarters within the respective period