Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 168

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 168
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 of December 31, 2024, our investment portfolio consisted of investments in 26 portfolio companies located in 20 states or countries across 17 different industries with an aggregate fair value of $1.1 billion. Our investments in Nocturne, SFEG, Ricardo, Old World and Brunswick Bowling Products, Inc. represented our five largest portfolio investments at fair value and collectively comprised $443.5 million, or 41.4%, of our total investment portfolio at fair value as of December 31, 2024.The following table summarizes our investments by security type as of December 31, 2024 and March 31, 2024:December 31, 2024March 31, 2024CostFair ValueCostFair ValueSecured first lien debt$660,499 64.6 %$599,911 55.9 %$513,425 60.1 %$474,856 51.6 %Secured second lien debt119,958 11.7 %108,743 10.1 %144,958 16.9 %138,703 15.0 %Total debt780,457 76.3 %708,654 66.0 %658,383 77.0 %613,559 66.6 %Preferred equity191,687 18.8 %308,226 28.8 %145,070 17.0 %213,480 23.2 %Common equity/equivalents49,597 4.9 %55,350 5.2 %50,837 6.0 %93,465 10.2 %Total equity/equivalents241,284 23.7 %363,576 34.0 %195,907 23.0 %306,945 33.4 %Total investments$1,021,741 100.0 %$1,072,230 100.0 %$854,290 100.0 %$920,504 100.0 %

26

Investments at fair value consisted of the following industry classifications as of December 31, 2024 and March 31, 2024:December 31, 2024March 31, 2024Fair ValuePercentage ofTotal InvestmentsFair ValuePercentage of Total InvestmentsDiversified/Conglomer