Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 215

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 215
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, 2024 was $55.8 million as compared to $57.1 million in the prior year period. The effective interest rate on the Credit Facility, excluding the impact of deferred financing costs, during the nine months ended December 31, 2024 was 11.1%, as compared to 10.2% in the prior year period. The increase in the effective interest rate on the Credit Facility was primarily a result of an increase in unused commitment fees on the undrawn portion of the Credit Facility during the nine months ended December 31, 2024.

Other expenses increased $1.5 million, or 44.7%, during the nine months ended December 31, 2024, as compared to the prior year period, due to an increase in bad debt expense and professional fees.

56

Realized and Unrealized Gain (Loss)

The realized gains (losses) and unrealized appreciation (depreciation) across our investments for the nine months ended December 31, 2024 and 2023 were as follows:

Nine Months Ended December 31, 2024Portfolio CompanyRealized Gain (Loss)Unrealized Appreciation (Depreciation)Reversal of Unrealized (Appreciation) DepreciationNet Gain (Loss)Nocturne Luxury Villas, Inc.$— $18,668 $— $18,668 The E3 Company, LLC— 17,103 — 17,103 SFEG Holdings, Inc.— 8,139 — 8,139 Schylling, Inc.— 7,804 — 7,804 Old World Christmas, Inc.— 6,084 — 6,084 UPB Acquisition, Inc.— 5,049 — 5,049 ImageWorks Display and Marketing Group, Inc.— 3,932 — 3,932 Ginsey Home Solutions, Inc.— 3,574 — 3,574 J.R. Hobbs Co. - Atlanta, LLC— 2,984 — 2,984 The Maids International, LLC— 2,352 — 2,352 Dema/Mai Holdings, Inc.— 1,272 — 1,272 Diligent Delivery Systems— (986)— (986)Home Concepts Acquisition, Inc.— (1,238)— (1,238)B+T Group Acquisition, Inc.—