Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 2

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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-Affiliate investments$— $2 Total net realized gain— 2 Net unrealized (depreciation) appreciation:Non-Control/Non-Affiliate investments(2,154)(12,434)Affiliate investments1,082 (5,065)Control investments25 (1,443)Other(269)— Total net unrealized depreciation(1,316)(18,942)Net realized and unrealized loss(1,316)(18,940)NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS$7,772 $(6,526)BASIC AND DILUTED PER COMMON SHARE:Net investment income$0.25 $0.34 Net increase (decrease) in net assets resulting from operations$0.21 $(0.18)WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic and diluted36,908,943 36,688,667 

(A)Refer to Note 4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS.

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Table of Contents

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(IN THOUSANDS)

(UNAUDITED)20252024NET ASSETS, MARCH 31$499,084 $492,711 OPERATIONSNet investment income9,088 12,414 Net realized gain on investments— 2 Net unrealized depreciation of investments(1,047)(18,942)Net unrealized appreciation of other(269)— Net increase (decrease) in net assets from operations7,772 (6,526)DISTRIBUTIONS(A)Distributions to common stockholders from net investment income ($0.27 and $0.24 per share, respectively)(10,125)(8,805)Distributions to common stockholders from net realized gains ($0.51 and $0.00 per share, respectively)(18,663)— Net decrease in net assets from distributions(28,788)(8,805)CAPITAL ACTIVITYIssuance of common stock7,331 — Discounts, commissions, and offering costs for issuance of common stock(95)— Net increase in net assets from capital activity7,236 — NET DECREASE IN NET ASSETS(