Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 83

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 (Loss)Unrealized Appreciation (Depreciation)Reversal of Unrealized (Appreciation) DepreciationNet Gain (Loss)Dema/Mai Holdings, Inc.$— $5,655 $— $5,655 Nth Degree Investment Group, LLC— 3,274 — 3,274 Educators Resources, Inc.— 2,229 — 2,229 Brunswick Bowling Products, Inc.— 1,319 — 1,319 ImageWorks Display and Marketing Group, Inc.— 1,205 — 1,205 Counsel Press, Inc.43,459 — (43,566)(107)Horizon Facilities Service, Inc.— (1,204)— (1,204)Home Concepts Acquisition, Inc.— (1,565)— (1,565)Nocturne Villas Rentals, Inc.— (2,420)— (2,420)Mason West, LLC— (2,484)— (2,484)PSI Molded Plastics, Inc.— (4,401)— (4,401)B+T Group Acquisition, Inc.— (4,811)— (4,811)Other, net (<$1.0 million, net)2 235 — 237 Total$43,461 $(2,968)$(43,566)$(3,073)

Net Realized Gain (Loss)

During the three months ended December 31, 2024, we did not record any net realized gains or losses on investments. During the three months ended December 31, 2023, we recorded net realized gains on investments of $43.5 million, due to a $43.5 million realized gain from the exit of Counsel Press, Inc. ("Counsel Press"). 

52

Net Unrealized Appreciation (Depreciation)

Net unrealized appreciation of investments of $37.3 million for the three months ended December 31, 2024 was primarily due to an increase in the performance of certain of our portfolio companies and an increase in transaction multiples used to estimate the fair value of certain of our portfolio companies, in addition to increased performance of certain of our other portfolio companies. These increases were partially offset by decreased performance of certain of our other portfolio companies.

Net unrealized depreciation of investments of $46.5 million for the three months ended