Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 206

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 206
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 rate on the Credit Facility, excluding the impact of deferred financing costs, during the six months ended September 30, 2025 was 10.2%, as compared to 10.9% in the prior year period. The decrease in the effective interest rate on the Credit Facility was primarily a result of lower interest rates on the drawn portion of our Credit Facility, partially offset by an increase in unused commitment fees on the undrawn portion of the Credit Facility during the six months ended September 30, 2025.

Other expenses decreased $1.6 million, or 43.1%, during the six months ended September 30, 2025, as compared to the prior year period, due to an decrease in bad debt expense and tax expense, partially offset by an increase in professional fees.

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Realized and Unrealized Gain (Loss)

The realized gains (losses) and unrealized appreciation (depreciation) across our investments for the six months ended September 30, 2025 and 2024 were as follows:

Six Months Ended September 30, 2025Portfolio CompanyRealized Gain (Loss) on InvestmentsUnrealized Appreciation (Depreciation)Reversal of Unrealized (Appreciation) DepreciationNet Gain (Loss)SFEG Holdings, Inc.$— $25,106 $— $25,106 The E3 Company, LLC— 13,465 — 13,465 J.R. Hobbs Co. - Atlanta, LLC(29,938)12,873 19,104 2,039 Schylling, Inc.— 8,665 — 8,665 ImageWorks Display and Marketing Group, Inc.— 4,904 — 4,904 Dema/Mai Holding, Inc.— 4,172 — 4,172 Horizon Facilities Services, Inc.— 2,078 — 2,078 Mason West, LLC— 1,834 — 1,834 Nielsen-Kellerman Acquisition Corp.— 1,371 — 1,371 Old World Christmas, Inc.— (1,296)— (1,296)Smart Chemical Solutions, LLC— (1,694)— (1,694)Detroit Defense, Inc.— (1,797)— (1,797)Ginsey Home Solutions, Inc.— (2,260)— (2,260)D