Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 61

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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.27)(0.24)Cash distributions to common stockholders from net realized gains(C)(0.51)— Net accretive effect of equity offering(D)0.01 — Total from equity capital activity(0.77)(0.24)Other, net(B)(E)— — Net asset value at end of period(A)$12.99 $13.01 Per common share market value at beginning of period$13.36 $14.23 Per common share market value at end of period$14.27 $13.98 Total investment return(F)12.76 %(0.08)%Common stock outstanding at end of period(A)37,352,676 36,688,667 Statement of Assets and Liabilities Data:Net assets at end of period$485,304 $477,380 Average net assets(G)$493,569 $487,698 Senior Securities Data:Total borrowings, at cost$525,738 $400,938 Ratios/Supplemental Data:Ratio of net expenses to average net assets – annualized(H)11.72 %8.01 %Ratio of net investment income to average net assets – annualized(I)7.37 %10.18 %(A)Based on actual shares of common stock outstanding at the beginning or end of the corresponding period, as appropriate.(B)Based on weighted-average basic common share data for the corresponding period.(C)The tax character of distributions is determined based on taxable income calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP. For further information on the estimated character of our distributions to common stockholders, including changes in estimates, as applicable, refer to Note 8 — Distributions to Common Stockholders.(D)During the three months ended June 30, 2025, the accretive effect is a result of issuing common shares at a price above the then current NAV per share.(E)Represents the impact of the different share amounts (weighted-average basic common shares outstanding for the corresponding period and actual common shares outstanding at the end of the period) in the Per Common Share Data calculations and rounding impacts.(F)Total investment return equals the change in the market value of our common stock from the beginning of the period, taking into account dividends reinvested in accordance with the terms of our dividend reinvestment plan. Total return does not take into account distributions that may be characterized as