Company: GAINI
Filing Date: 2025-05-13
Form Type: 10-K
Source: 0001321741-25-000010
Chunk: 38

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-05-13
Form: 10-K
Item: Item 8
Chunk 38
---
312 80,243 56,234 Credits to base management fee – loan servicing fee(A)(9,636)(9,118)(7,880)Credits to fees from Adviser - other(A)(5,109)(5,596)(3,811)Total expenses, net of credits to fees65,567 65,529 44,543 NET INVESTMENT INCOME$28,095 $21,777 $37,000 REALIZED AND UNREALIZED GAIN (LOSS)Net realized gain (loss):Non-Control/Non-Affiliate investments$19,811 $43,749 $7,561 Affiliate investments43,373 275 3,469 Control investments— (13,768)(277)Total net realized gain63,184 30,256 10,753 Net unrealized appreciation (depreciation):Non-Control/Non-Affiliate investments8,786 9,864 14,218 Affiliate investments(32,184)10,317 (23,792)Control investments(2,562)13,120 (2,661)Other— (29)29 Total net unrealized (depreciation) appreciation (25,960)33,272 (12,206)Net realized and unrealized gain (loss)37,224 63,528 (1,453)NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS$65,319 $85,305 $35,547 BASIC AND DILUTED PER COMMON SHARE:Net investment income$0.76 $0.63 $1.11 Net increase in net assets resulting from operations$1.78 $2.47 $1.07 WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic and diluted36,735,218 34,466,724 33,311,785 

(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.75

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(IN THOUSANDS)

Year Ended March 31,202520242023NET ASSETS, BEGINNING OF YEAR$492,711 $439,742 $