Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 60

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 60
---
2025 and March 31, 2025, we had no established reserves for such loss contingencies.Escrow HoldbacksFrom time to time, we enter into arrangements relating to exits of certain investments whereby specific amounts of the proceeds are held in escrow to be used to satisfy potential obligations, as stipulated in the sales agreements. We record escrow amounts in Restricted cash and cash equivalents and Other liabilities, if received in cash but subject to potential obligations or other contractual restrictions, or as escrow receivables in Other assets, net, if not yet received in cash, on our accompanying Consolidated Statements of Assets and Liabilities. We establish reserves and holdbacks against escrow amounts if we determine that it is probable and estimable that a portion of the escrow amounts will not ultimately be released or received at the end of the escrow period. Reserves and holdbacks against escrow amounts were $1.0 million as of June 30, 2025 and March 31, 2025.Financial Commitments and ObligationsWe may have line of credit commitments to certain of our portfolio companies that have not been fully drawn. Since these line of credit commitments have expiration dates and we expect many will never be fully drawn, the total line of credit commitment amounts do not necessarily represent future cash requirements. We estimate the fair value of the combined unused line of credit commitments as of June 30, 2025 and March 31, 2025 to be insignificant.The following table summarizes the principal balances of unused line of credit as of June 30, 2025 and March 31, 2025, which are not reflected as liabilities in the accompanying Consolidated Statements of Assets and Liabilities:June 30, 2025March 31, 2025Unused line of credit commitments$3,596 $3,440 Total$3,596 $3,440 

38

NOTE 10.  FINANCIAL HIGHLIGHTS

Three Months Ended June 30,20252024Per Common Share Data:Net asset value at beginning of period(A)$13.55 $13.43 Income (loss) from investment operations(B)Net investment income0.25 0.34 Net realized gain— 0.00 Net unrealized depreciation(0.04)(0.52)Total from investment operations0.21 (0.18)Effect of equity capital activity(B)Cash distributions to common stockholders from net investment income(C)(0