Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 123

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 2
Chunk 123
---
Base 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 OUTSTANDINGBasic and diluted36,701,783 33,921,300 2,780,483 8.2 %BASIC AND DILUTED PER COMMON SHARE:Net investment income$0.57 $0.49 $0.08 16.3 %Net increase in net assets resulting from operations$1.29 $1.85 $(0.56)(30.3)%

NM = Not Meaningful

54

Investment Income

Total investment income increased $2.5 million, or 3.9%, for the nine months ended December 31, 2024, as compared to the prior year period, primarily due to an increase in interest income, and dividend and success fee income.

Interest income from our investments