Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 4

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 for issuance of common stock— (62)Net increase in net assets from capital activity— 4,059 NET (DECREASE) INCREASE IN NET ASSETS(19,005)39,231 NET ASSETS, SEPTEMBER 30$458,375 $475,666 OPERATIONSNet investment income$1,161 $9,744 Net realized gain on investments— 43,461 Net unrealized appreciation (depreciation) of investments37,329 (46,534)Net unrealized appreciation of other— (92)Net increase in net assets from operations38,490 6,579 DISTRIBUTIONS(A)Distributions to common stockholders from net investment income ($0.16 and $0.43 per share, respectively)(5,870)(15,093)Distributions to common stockholders from net realized gains ($0.08 and $0.81 per share, respectively)(2,947)(28,009)Net decrease in net assets from distributions(8,817)(43,102)CAPITAL ACTIVITYIssuance of common stock2,029 21,130 Discounts, commissions, and offering costs for issuance of common stock(24)(332)Net increase in net assets from capital activity2,005 20,798 NET INCREASE (DECREASE) IN NET ASSETS31,678 (15,725)NET ASSETS, DECEMBER 31$490,053 $459,941 

(A)Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.

(B)Includes $0.70 per common share of distributions declared and unpaid as of September 30, 2024, as such distribution was a supplemental distribution declared on September 17, 2024 with a record date of October 4, 2024 and a payment date of October 15, 2024.

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS. 

4

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS)

(UNAUDITED)

Nine Months Ended December 31,20242023CASH FLOWS FROM OPERATING ACTIVITIESNet increase in net assets resulting from operations$47,446 $62,721 Adjustments to reconcile net increase in net assets resulting