Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 211

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 211
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3 million for the three months ended December 31, 2024. Our entire portfolio had a fair value of 104.9% of cost as of December 31, 2024.

53

Comparison of the Nine Months Ended December 31, 2024 to the Nine Months Ended December 31, 2023

For the Nine Months Ended December 31,20242023$ Change% ChangeINVESTMENT INCOMEInterest income$62,149 $60,369 $1,780 2.9 %Dividend and success fee income3,965 3,289 676 20.6 %Total investment income66,114 63,658 2,456 3.9 %EXPENSESBase management fee13,937 12,874 1,063 8.3 %Loan servicing fee6,821 6,829 (8)(0.1)%Incentive fee7,797 15,401 (7,604)(49.4)%Administration fee1,478 1,306 172 13.2 %Interest expense19,264 17,598 1,666 9.5 %Amortization of deferred financing costs and discounts1,951 1,708 243 14.2 %Other4,968 3,434 1,534 44.7 %Expenses before credits from Adviser56,216 59,150 (2,934)(5.0)%Credits to fees from Adviser(10,968)(11,946)978 (8.2)%Total expenses, net of credits to fees45,248 47,204 (1,956)(4.1)%NET INVESTMENT INCOME20,866 16,454 4,412 26.8 %REALIZED AND UNREALIZED GAIN (LOSS)Net realized gain42,305 44,905 (2,600)(5.8)%Net unrealized (depreciation) appreciation(15,725)1,362 (17,087)NMNet realized and unrealized gain (loss)26,580 46,267 (19,687)(42.6)%NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS$47,446 $62,721 $(15,275)(24.4)%WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING