Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 40

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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.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 June 30, 2025:AmountFor the remaining nine months ending March 31, 2026$15,000 For the fiscal years ending March 31:2027124,124 2028120,282 2029254,844 2030159,506 Thereafter45,180 Total contractual repayments$718,936 Investments in equity securities278,602 Total cost basis of investments held as of June 30, 2025:$997,538 

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 June 30, 2025 and March 31, 2025, we had gross receivables from portfolio companies of $2.7 million and $2.3 million, respectively. As of June 30, 2025 and March 31, 2025, the allowance for uncollectible receivables was $1.5 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, including a majority of the directors who are not parties to the Advisory Agreement or interested persons of either party, approved the Advisory Agreement.One of our executive officers, David Gladstone (our chairman and chief executive officer) serves as a director