Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 190

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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2023July 31, 20230.08 July 11, 2023August 23, 2023August 31, 20230.08 July 11, 2023September 7, 2023September 15, 20230.12 (A)July 11, 2023September 21, 2023September 29, 20230.08 October 10, 2023October 20, 2023October 31, 20230.08 October 10, 2023November 7, 2023November 17, 20230.12 (A)October 10, 2023November 20, 2023November 30, 20230.08 October 24, 2023December 5, 2023December 15, 20230.88 (A)October 10, 2023December 18, 2023December 29, 20230.08 Nine Months Ended December 31, 2023$1.96 (A)Represents a supplemental distribution to common stockholders.Aggregate cash distributions to our common stockholders declared and paid were $52.1 million and $67.4 million for the nine months ended December 31, 2024 and 2023, respectively.

For the fiscal year ended March 31, 2024, Investment Company Taxable Income exceeded distributions declared and paid, and, in accordance with Section 855(a) of the Code, we elected to treat $18.7 million of the first distributions paid subsequent to fiscal year-end, as having been paid in the prior year. In addition, for the fiscal year ended March 31, 2024 net capital gains exceeded distributions declared and paid, and, in accordance with Section 855(a) of the Code, we elected to treat $1.4 million of the first distributions paid subsequent to fiscal year-end as having been paid in the prior year.

For the three months ended December 31, 2024, we recorded $0.4 million of net adjustments for estimated permanent book-tax differences to reflect tax character, which increased Accumulated net realized gain in excess of distributions and decreased Capital in excess of par value and Overdistributed net investment income on our accompanying Consolidated Statements of Assets and Liabilities. For the three months ended December 31, 2023, we recorded $0.4 million of net adjustments for estimated permanent book