Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 170

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 170
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954 27.6 %346,838 37.7 %Midwest222,587 20.8 %141,925 15.4 %West221,135 20.6 %223,871 24.3 %Canada27,180 2.5 %— — %Total investments$1,072,230 100.0 %$920,504 100.0 %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.

27

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 December 31, 2024:AmountFor the remaining three months ending March 31, 2025$49,060 For the fiscal years ending March 31:2026215,780 2027219,486 202866,231 2029100,394 Thereafter129,506 Total contractual repayments$780,457 Investments in equity securities241,284 Total cost basis of investments held as of December 31, 2024:$1,021,741 

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 December 31, 2024 and March 31, 2024, we had gross receivables from portfolio companies of $2.4 million and $2.2 million, respectively. As of December 31, 2024 and March 31, 2024, the allowance for uncollectible receivables was $1.6 million and $1.4 million, respectively.

NOTE 4.  RELATED PARTY TRANSACTIONS

Transactions with the AdviserWe pay the Adviser certain fees as compensation for its services