Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 176

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 176
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, we had equity investments in and/or loans to 27 portfolio companies with an aggregate cost basis of $1.0 billion. As of June 30, 2024, we had equity investments in and/or loans to 23 portfolio companies with an aggregate cost basis of $851.9 million. 

The following table summarizes our total portfolio investment activity during the three months ended June 30, 2025 and 2024:

Three Months Ended June 30,20252024Beginning investment portfolio, at fair value$979,320 $920,504 New investments62,322 — Disbursements to existing portfolio companies520 598 Unscheduled principal repayments(4,370)(3,000)Net proceeds from sale and recapitalization of investments— (24)Net realized gain on investments— 2 Net unrealized depreciation of investments(1,047)(18,946)Reversal of net unrealized depreciation of investments— 4 Ending investment portfolio, at fair value$1,036,745 $899,138 

The 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 

Financing Activities

Net cash provided by financing activities for the three months ended June 30, 2025 was $40.4 million, which consisted primarily of $62.0 million of net borrowings under our Credit Facility and $7.3 million of proceeds from issuance of common stock, net of expenses and shelf offering registration costs, partially offset by $28.8 million in distributions to common stockholders and $0.1 million of deferred financing and offering costs.

Net cash used in financing activities for the three months ended June 30, 2024 was $12.4 million, which consisted primarily of $8.8 million in distributions to common stockholders, $3.3 million of net repayments under our Credit Facility and $0