Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 99

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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Comparison of the Three Months Ended June 30, 2025 to the Three Months Ended June 30, 2024

For the Three Months Ended June 30,20252024$ Change% ChangeINVESTMENT INCOMEInterest income$21,648 $20,625 $1,023 5.0 %Dividend and success fee income1,896 1,553 343 22.1 %Total investment income23,544 22,178 1,366 6.2 %EXPENSESBase management fee5,080 4,618 462 10.0 %Loan servicing fee2,672 2,222 450 20.3 %Incentive fee(209)(3,788)3,579 (94.5)%Administration fee433 506 (73)(14.4)%Interest expense8,499 6,480 2,019 31.2 %Amortization of deferred financing costs and discounts910 631 279 44.2 %Other1,142 1,944 (802)(41.3)%Expenses before credits from Adviser18,527 12,613 5,914 46.9 %Credits to fees from Adviser(4,071)(2,849)(1,222)42.9 %Total expenses, net of credits to fees14,456 9,764 4,692 48.1 %NET INVESTMENT INCOME9,088 12,414 (3,326)(26.8)%REALIZED AND UNREALIZED GAIN (LOSS)Net realized gain on investments— 2 (2)(100.0)%Net unrealized depreciation(1,316)(18,942)17,626 (93.1)%Net realized and unrealized loss(1,316)(18,940)17,624 (93.1)%NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS$7,772 $(6,526)$14,298 NMWEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDINGBasic and diluted36,908,943 36,688,667 220,276 0.6%BASIC AND DILUTED PER COMMON SHARE:Net investment income$0.25 $0.34 $(0.09)(26.5)%Net increase (decrease) in