Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 4

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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Issuance of common stock31,562 — Discounts, commissions, and offering costs for issuance of common stock(443)— Net increase in net assets from capital activity31,119 — NET INCREASE (DECREASE) IN NET ASSETS50,539 (19,005)NET ASSETS, SEPTEMBER 30$535,843 $458,375 

(A)Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.

(B)Includes $0.70 per common share of distributions declared and unpaid as of September 30, 2024, as such distribution was a supplemental distribution declared on September 17, 2024 with a record date of October 4, 2024 and a pay date of October 15, 2024.

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

4

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS)

(UNAUDITED)

Six Months Ended September 30,20252024CASH FLOWS FROM OPERATING ACTIVITIESNet increase in net assets resulting from operations$36,481 $8,956 Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:Purchase of investments(133,878)(20,098)Principal repayments of investments5,806 28,000 Net proceeds from the sale and recapitalization of investments— 48,546 Net realized loss (gain) on investments29,938 (42,305)Net unrealized (appreciation) depreciation of investments(53,405)53,054 Net unrealized appreciation of other353 — Amortization of deferred financing costs and discounts1,820 1,260 Bad debt expense, net of recoveries(247)1,045 Changes in assets and liabilities:Increase in interest receivable(605)(109)Decrease in due from administrative agent509 871 Decrease (increase) in other assets, net477 (290)(Decrease) increase in accounts payable and accrued expenses(408)1,040 Increase (decrease) in interest payable388 (224)Increase (decrease) in fees due to Adviser(A)2,203 (