Company: GAINI
Filing Date: 2025-05-13
Form Type: 10-K
Source: 0001321741-25-000010
Chunk: 128

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-05-13
Form: 10-K
Item: Item 1A
Chunk 128
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ITEM 1A.    RISK FACTORS

You should carefully consider these risk factors, together with all of the other information included in this Annual Report and the other reports and documents filed by us with the SEC. The risks set out below are not the only risks we face. Additional risks and uncertainties not presently known to us, or not presently deemed material by us, may also impair our operations and performance. If any of the following events occur, our business, financial condition, results of operations and cash flows could be materially and adversely affected. If that happens, the trading price of our securities and the NAV of our common stock could decline, and you may lose all or part of your investment. The risk factors described below are the principal risk factors associated with an investment in our securities as well as those factors generally associated with an investment company with investment objectives, investment policies, capital structure or trading markets similar to ours.

Risks Related to the EconomyMarket conditions could negatively impact our business, results of operations, financial condition, and cash flows.The market in which we operate is affected by a number of factors that are largely beyond our control but can nonetheless have a potentially significant, negative impact on us. These factors include, among other things:•changes in interest rates and credit spreads and the effects of inflation on us and our portfolio companies;•the availability of credit, including the price, terms and conditions under which it can be obtained;•the quality, pricing, and availability of suitable investments and credit losses with respect to our investments;•the ability to obtain accurate market-based valuations;•investment values relative to the value of the underlying assets;•default rates on the loans underlying our investments and the amount of related losses;•prepayment rates, delinquency rates and the timing and amount of servicer advances;•competition;•the actual and perceived state of the economy and capital markets generally;•amendments or repeals of legislation, or changes in regulations or regulatory interpretations thereof, and transitions of government, including uncertainty regarding any of the foregoing;•the national and global political environment, including war, armed conflicts, foreign relations and trading policies;•the impact of potential changes to the Code; and•the attractiveness of other types of investments relative to investments in Lower Middle Market companies generally.

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Changes in these factors are difficult to predict, and a change in one factor could affect other factors, which could result in adverse effects to our business, results of operations, financial condition, and cash flows