Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 173

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 173
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14.0%, as compared to 10.8% in the prior year period. The increase in the effective interest rate on the Credit Facility was primarily a result of an increase in unused commitment fees on the undrawn portion of the Credit Facility, partially offset by lower interest rates on the drawn portion of our Credit Facility during the three months ended June 30, 2025.

Other expenses decreased $0.8 million, or 41.3%, during the three months ended June 30, 2025, as compared to the prior year period, due to a decrease in bad debt expense, partially offset by an increase in professional fees and tax expense.

47

Realized and Unrealized Gain (Loss)

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

Three Months Ended June 30, 2025Portfolio CompanyRealized Gain (Loss) on InvestmentsUnrealized Appreciation (Depreciation)Reversal of Unrealized (Appreciation) DepreciationNet Gain (Loss)ImageWorks Display and Marketing Group, Inc.$— $5,266 $— $5,266 SFEG Holdings, Inc.— 4,553 — 4,553 Schylling, Inc.— 2,982 — 2,982 The E3 Company, LLC— 2,696 — 2,696 Mason West, LLC— 2,517 — 2,517 UPB Acquisition, Inc.— 2,495 — 2,495 Old World Christmas, Inc.— 1,373 — 1,373 Home Concepts Acquisition, Inc.— 1,330 — 1,330 Horizon Facilities Services, Inc.— 1,100 — 1,100 Nielsen-Kellerman Acquisition Corp.— 830 — 830 Detroit Defense, Inc.— 781 — 781 Pyrotek Special Effects, Inc.— 647 — 647 Phoenix Door Systems, Inc.— (1,600)— (1,600)Educators Resource, Inc.— (3,304)— (3,304)Ginsey Home Solutions, Inc.— (3,468)— (3,468)Galaxy Technologies Holdings, Inc.— (3,480)— (3,480)