Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 202

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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 September 30, 2024

For the Six Months Ended September 30,20252024Change% ChangeINVESTMENT INCOMEInterest income$44,317 $41,621 $2,696 6.5 %Dividend and success fee income4,506 3,122 1,384 44.3 %Total investment income48,823 44,743 4,080 9.1 %EXPENSESBase management fee10,537 9,065 1,472 16.2 %Loan servicing fee5,604 4,416 1,188 26.9 %Incentive fee4,998 (1,556)6,554 NMAdministration fee953 1,073 (120)(11.2)%Interest expense18,130 12,879 5,251 40.8 %Amortization of deferred financing costs and discounts1,820 1,260 560 44.4 %Other2,055 3,613 (1,558)(43.1)%Expenses before credits from Adviser44,097 30,750 13,347 43.4 %Credits to fees from Adviser(8,641)(5,712)(2,929)51.3 %Total expenses, net of credits to fees35,456 25,038 10,418 41.6 %NET INVESTMENT INCOME13,367 19,705 (6,338)(32.2)%REALIZED AND UNREALIZED GAIN (LOSS)Net realized (loss) gain on investments(29,938)42,305 (72,243)NMNet unrealized appreciation (depreciation) of investments53,052 (53,054)106,106 NMNet realized and unrealized gain (loss)23,114 (10,749)33,863 NMNET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS$36,481 $8,956 $27,525 307.3 %WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDINGBasic and diluted37,681,491 36,688,667 992,824 2.7 %BASIC AND DILUTED PER COMMON SHARE:Net investment income$0.35 $0.54 $(0.19)(35.2)%Net increase in net