Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 159

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 159
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 — Fair value as of September 30, 2024$469,480 $111,344 $228,528 $43,955 $853,307 

SecuredFirst LienDebtSecuredSecond LienDebtPreferredEquityCommonEquity/EquivalentsTotalSix Months Ended September 30, 2024:Fair value as of March 31, 2024$474,856 $138,703 $213,480 $93,447 $920,486 Total gain (loss):Net realized gain (loss)(A)— — — 42,284 42,284 Net unrealized appreciation (depreciation)(B)(22,474)(2,359)15,048 (5,245)(15,030)Reversal of previously recorded (appreciation) depreciation upon realization(B)— — — (38,028)(38,028)New investments, repayments and settlements(C):Issuances / originations20,098 — — — 20,098 Settlements / repayments(3,000)(25,000)— — (28,000)Sales— — — (48,503)(48,503)Transfers— — — — — Fair value as of September 30, 2024$469,480 $111,344 $228,528 $43,955 $853,307 

(A)Included in net realized gain (loss) on investments on our accompanying Consolidated Statements of Operations for the respective three and six months ended September 30, 2025 and 2024.

(B)Included in net unrealized appreciation (depreciation) of investments on our accompanying Consolidated Statements of Operations for the respective three and six months ended September 30, 2025 and 2024.(C)Includes increases in the cost basis of investments resulting from new portfolio investments, the amortization of discounts and other non-cash disbursements to portfolio companies, as well as decreases in the cost basis of investments resulting from principal repayments or sales, the amortization of premiums and acquisition costs, and other cost-basis adjustments.(D)Transfers represent secured second lien debt of PSI Molded Plastics, Inc. ("PSI Molded") with a total cost basis of $10.6 million, which was converted to preferred equity in June