Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 3

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.

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

3

Table of Contents

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(IN THOUSANDS)

(UNAUDITED)20242023NET ASSETS, MARCH 31$492,711 $439,742 OPERATIONSNet investment income12,414 8,440 Net realized gain on investments2 1,155 Net unrealized depreciation of investments(18,942)(820)Net unrealized depreciation of other— 11 Net (decrease) increase in net assets from operations(6,526)8,786 DISTRIBUTIONS(A)Distributions to common stockholders from net investment income ($0.24 and $0.21 per share, respectively)(8,805)(7,069)Distributions to common stockholders from net realized gains ($0.00 and $0.15 per share, respectively)— (5,024)Net decrease in net assets from distributions(8,805)(12,093)CAPITAL ACTIVITYIssuance of common stock— — Discounts, commissions, and offering costs for issuance of common stock— — Net increase in net assets from capital activity— — NET DECREASE IN NET ASSETS(15,331)(3,307)NET ASSETS, JUNE 30$477,380 $436,435 OPERATIONSNet investment income (loss)$7,291 $(1,730)Net realized gain on investments42,303 289 Net unrealized (depreciation) appreciation of investments(34,112)48,745 Net unrealized depreciation of other— 52 Net increase in net assets from operations15,482 47,356 DISTRIBUTIONS(A)Distributions to common stockholders from net investment income ($0.24 and $0.20 per share, respectively)(8,805)(6,665)Distributions to common stockholders from net realized gains ($0.70 and $0.16 per share, respectively)(B)(25,682)(5,519)Net decrease in net assets from distributions(34,487)(12,184)CAPITAL ACTIVITYIssuance of common stock— 4,121 Discounts, commissions, and offering costs