Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 5

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 from operations to net cash (used in) provided by operating activities:Purchase of investments(207,192)(182,988)Principal repayments of investments33,500 27,500 Net proceeds from the sale and recapitalization of investments48,546 52,228 Net realized gain on investments(42,305)(44,905)Net unrealized depreciation (appreciation) of investments15,725 (1,391)Net unrealized appreciation of other— 29 Amortization of deferred financing costs and discounts1,951 1,708 Bad debt expense (recoveries), net1,093 (54)Changes in assets and liabilities:Decrease (increase) in interest receivable553 (3,537)Decrease in due from administrative agent126 1,748 (Increase) decrease in other assets, net(103)99 Increase in accounts payable and accrued expenses1,403 810 Increase in interest payable285 1,236 Increase in fees due to Adviser(A)2,890 8,724 Decrease in fee due to Administrator(A)(109)(141)(Decrease) increase in other liabilities(181)496 Net cash used in operating activities(96,372)(75,717)CASH FLOWS FROM FINANCING ACTIVITIESProceeds from issuance of common stock2,029 25,251 Discounts, commissions, and offering costs for issuance of common stock(24)(297)Proceeds from line of credit192,000 231,900 Repayments on line of credit(167,500)(184,500)Proceeds from issuance of notes payable126,500 74,750 Deferred financing and offering costs(4,597)(3,671)Distributions paid to common stockholders(52,109)(67,379)Net cash provided by financing activities96,299 76,054 NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS(73)337 CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF PERIOD3,220 3,248 CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD