Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 0

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

(UNAUDITED)

December 31,2024March 31,2024ASSETSInvestments at fair valueNon-Control/Non-Affiliate investments (Cost of $644,871 and $544,799, respectively)$740,581 $622,233 Affiliate investments (Cost of $359,461 and $292,082, respectively)331,145 295,366 Control investments (Cost of $17,409 and $17,409, respectively)504 2,905 Cash and cash equivalents2,569 2,460 Restricted cash and cash equivalents578 760 Interest receivable6,245 7,627 Due from administrative agent3,301 3,427 Deferred financing costs, net1,180 1,643 Other assets, net1,657 1,662 TOTAL ASSETS$1,087,760 $938,083 LIABILITIESBorrowings:Line of credit at fair value (Cost of $91,500 and $67,000, respectively)$91,500 $67,000 Notes payable, net455,058 331,345 Total borrowings 546,558 398,345 Accounts payable and accrued expenses1,898 732 Interest payable3,750 3,465 Fees due to Adviser(A)44,305 41,344 Fee due to Administrator(A)618 727 Other liabilities578 759 TOTAL LIABILITIES$597,707 $445,372 Commitments and contingencies(B)NET ASSETS$490,053 $492,711 ANALYSIS OF NET ASSETSCommon stock, $0.001 par value per share, 100,000,000 shares authorized, 36,837,381 and 36,688,667 shares issued and outstanding, respectively $37 $37 Capital in excess of par value445,547 444,706 Cumulative net unrealized appreciation of investments50,489 66,214 Overdistributed net investment income(21,460)(19,562)Accumulated net realized gain in excess of distributions15,440 1,316 Total distributable earnings44,469 47