Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 44

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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669 18.7 %Canada26,858 2.4 %29,880 3.0 %Total investments$1,130,859 100.0 %$979,320 100.0 %The geographic region indicates the location of the headquarters for our portfolio companies. A portfolio company may have additional business locations in other geographic regions.

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Investment Principal RepaymentsThe following table summarizes the contractual principal repayment and maturity of our investment portfolio by fiscal year, assuming no voluntary prepayments, as of September 30, 2025:AmountFor the remaining six months ending March 31, 2026$15,000 For the fiscal years ending March 31:202761,186 2028120,282 2029269,844 2030159,506 Thereafter111,680 Total contractual repayments$737,498 Investments in equity securities299,702 Total cost basis of investments held as of September 30, 2025:$1,037,200 

Receivables from Portfolio CompaniesReceivables from portfolio companies represent non-recurring costs that we incurred on behalf of portfolio companies. Such receivables, net of any allowance for uncollectible receivables, are included in Other assets, net on our accompanying Consolidated Statements of Assets and Liabilities. We generally maintain an allowance for uncollectible receivables from portfolio companies when the receivable balance becomes 90 days or more past due or if it is determined, based upon management’s judgment, that the portfolio company is unable to pay its obligations. We write off accounts receivable when we have exhausted collection efforts and have deemed the receivables uncollectible. As of September 30, 2025 and March 31, 2025, we had gross receivables from portfolio companies of $2.4 million and $2.3 million, respectively. As of September 30, 2025 and March 31, 2025, the allowance for uncollectible receivables was $1.4 million and $1.7 million, respectively.

NOTE 4.  RELATED PARTY TRANSACTIONS

Transactions with the AdviserWe pay the Adviser certain fees as compensation for its services under the Advisory Agreement, consisting of a base management fee and an incentive fee and a loan servicing fee for the Adviser’s role as servicer pursuant to our Credit Facility, all as described below. Our Board of Directors