Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 1

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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(961)18,606 Total distributable earnings32,827 53,535 TOTAL NET ASSETS$485,304 $499,084 NET ASSET VALUE PER SHARE $12.99 $13.55 

(A)Refer to Note 4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.

(B)Refer to Note 9 — Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information.

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS.

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Table of Contents

GLADSTONE INVESTMENT CORPORATION

 CONSOLIDATED STATEMENTS OF OPERATIONS

(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

(UNAUDITED)

Three Months Ended June 30,20252024INVESTMENT INCOMEInterest incomeNon-Control/Non-Affiliate investments$15,263 $14,542 Affiliate investments6,187 6,040 Cash and cash equivalents198 43 Total interest income21,648 20,625 Dividend incomeNon-Control/Non-Affiliate investments1,063 — Affiliate investments79 — Total dividend income1,142 — Success fee incomeNon-Control/Non-Affiliate investments447 1,553 Affiliate investments307 — Total success fee income754 1,553 Total investment income$23,544 $22,178 EXPENSESBase management fee(A)$5,080 $4,618 Loan servicing fee(A)2,672 2,222 Incentive fee(A)(209)(3,788)Administration fee(A)433 506 Interest expense on borrowings8,499 6,480 Amortization of deferred financing costs and discounts910 631 Professional fees502 330 Other general and administrative expenses640 1,614 Expenses before credits from Adviser18,527 12,613 Credits to base management fee – loan servicing fee(A)(2,672)(2,222)Credits to fees from Adviser - other(A)(1,399)(627)Total expenses, net of credits to fees14,456 9,764 NET INVESTMENT INCOME$9,088 $12,414 REALIZED AND UNREALIZED GAIN (LOSS)Net realized gain:Non-Control/Non