Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 128

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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 an aggregate cost basis of $840.1 million. 

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

Six Months Ended September 30,20252024Beginning investment portfolio, at fair value$979,320 $920,504 New investments129,922 — Disbursements to existing portfolio companies3,956 20,098 Unscheduled principal repayments(5,806)(28,000)Net proceeds from sale and recapitalization of investments— (48,546)Net realized (loss) gain on investments(29,938)42,305 Net unrealized appreciation (depreciation) of investments34,301 (15,030)Reversal of net unrealized depreciation (appreciation) of investments19,104 (38,024)Ending investment portfolio, at fair value$1,130,859 $853,307 

The following table summarizes the contractual principal repayment and maturity of our investment portfolio by fiscal year, assuming no voluntary prepayments, as of September 30, 2025:

AmountFor the remaining six months ending March 31, 2026$15,000 For the fiscal years ending March 31:202761,186 2028120,282 2029269,844 2030159,506 Thereafter111,680 Total contractual repayments$737,498 Investments in equity securities299,702 Total cost basis of investments held as of September 30, 2025:$1,037,200 

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Financing Activities

Net cash provided by financing activities for the six months ended September 30, 2025 was $97.9 million, which consisted primarily of $97.7 million of net borrowings under our Credit Facility and $38.4 million of proceeds from issuance of common stock, net of expenses and shelf offering registration costs, partially offset by $38.1 million in distributions to common stockholders and $0.1 million of deferred financing and offering costs.

Net cash used in financing activities for the six months ended September 30, 2024 was $76.0 million, which consisted primarily of $58.1 million of net repayments under our Credit Facility, $17.6 million in distributions to common stockholders and $0.3 million of deferred financing and offering costs.

Distributions and Dividends to