Company: GAINI
Filing Date: 2025-05-13
Form Type: 10-K
Source: 0001321741-25-000010
Chunk: 48

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-05-13
Form: 10-K
Item: Item 8
Chunk 48
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21,331 Electronics – 4.5%Nielsen-Kellerman Acquisition Corp.(K) – Preferred Stock(C)(J)22,169 22,169 22,421 

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS.81

Table of ContentsGLADSTONE INVESTMENT CORPORATIONCONSOLIDATED SCHEDULE OF INVESTMENTSMARCH 31, 2025(DOLLAR AMOUNTS IN THOUSANDS)

Company and Investment(A)(B)(D)(E)Principal/Shares/ Units(F)(H)CostFair ValueHome and Office Furnishings, Housewares, and Durable Consumer Products – 4.7%Old World Christmas, Inc. – Preferred Stock(C)(J)6,180 $— $23,539 Leisure, Amusement, Motion Pictures, and Entertainment – 1.4%Pyrotek Special Effects, Inc.(P) – Preferred Stock(C)(J)7,060 7,060 7,260 Mining, Steel, Iron and Non-Precious Metals – 5.2%UPB Acquisition, Inc. – Preferred Stock(C)(J)6,000 6,000 26,010 Telecommunications – 0.0%B+T Group Acquisition, Inc.(K) – Preferred Stock(C)(J)14,304 4,722 — Total Preferred Equity$100,390 $101,557 Common Equity/Equivalents – 1.0%Finance – 1.0%Gladstone Alternative Income Fund – Common Equity(C)(O)500,000 $5,000 $4,975 Telecommunications – 0.0%B+T Group Acquisition, Inc.(K) – Common Stock Warrants(C)(J)3.5 %— — Total Common Equity/Equivalents$5,000 $4,975 Total Affiliate Investments$359,286 $330,388 CONTROL INVESTMENTS(N) – 0.1%Secured First Lien Debt – 0.1%Diversified/Conglomerate Manufacturing – 0.1%Edge Adhesives Holdings, Inc.(K) – Term Debt (SOFR+5.5%, 9.8% Cash, Due 8/2026)(G)(J)9,210 $9,210 $343 Total