Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 22

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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ADSTONE INVESTMENT CORPORATIONCONSOLIDATED SCHEDULE OF INVESTMENTSMARCH 31, 2025(DOLLAR AMOUNTS IN THOUSANDS)

Company and Investment(A)(B)(D)(E)Principal/Shares/Units(F)(H)CostFair ValueHome and Office Furnishings, Housewares, and Durable Consumer Products – 4.7%Old World Christmas, Inc. – Preferred Stock(C)(J)6,180 $— $23,539 Leisure, Amusement, Motion Pictures, and Entertainment – 1.4%Pyrotek Special Effects, Inc.(P) – Preferred Stock(C)(J)7,060 7,060 7,260 Mining, Steel, Iron and Non-Precious Metals – 5.2%UPB Acquisition, Inc. - Preferred Stock(C)(J)6,000 6,000 26,010 Telecommunications – 0.0%B+T Group Acquisition, Inc.(K) – Preferred Stock(C)(J)14,304 4,722 — Total Preferred Equity$100,390 $101,557 Common Equity/Equivalents – 1.0%Finance – 1.0%Gladstone Alternative Income Fund – Common Equity(C)(O)500,000 $5,000 $4,975 Telecommunications – 0.0%B+T Group Acquisition, Inc.(K) – Common Stock Warrants(C)(J)3.5 %— — Total Common Equity/Equivalents$5,000 $4,975 Total Affiliate Investments$359,286 $330,388 CONTROL INVESTMENTS(N) – 0.1%Secured First Lien Debt – 0.1%Diversified/Conglomerate Manufacturing – 0.1%Edge Adhesives Holdings, Inc.(K) – Term Debt (SOFR+5.5%, 9.8% Cash, Due 8/2026)(G)(J)$9,210 $9,210 $343 Total Secured First Lien Debt$9,210 $343 Preferred Equity – 0.0%Diversified/Conglomerate Manufacturing – 0.0%Edge Adhesives Holdings, Inc.(K) – Preferred Stock(C)(J)8,199 $8,199 $— Total Preferred Equity$8,199