Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 166

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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 31, 2023:Fair value as of March 31, 2023$437,517 $75,734 $222,585 $17,680 $753,516 Total gain (loss):Net realized gain (loss)(A)— — 43,732 882 44,614 Net unrealized appreciation (depreciation)(B)(6,153)(2,254)35,234 18,228 45,055 Reversal of previously recorded (appreciation) depreciation upon realization(B)(1,338)— (42,228)(93)(43,659)New investments, repayments and settlements(C):Issuances / originations73,600 64,000 14,688 30,700 182,988 Settlements / repayments(27,500)— — — (27,500)Sales(D)— — (50,726)(1,502)(52,228)Transfers(E)— — (8,621)8,621 — Fair value as of December 31, 2023$476,126 $137,480 $214,664 $74,516 $902,786 

(A)Included in net realized gain (loss) on investments on our accompanying Consolidated Statements of Operations for the respective three and nine months ended December 31, 2024 and 2023.

(B)Included in net unrealized appreciation (depreciation) of investments on our accompanying Consolidated Statements of Operations for the respective three and nine months ended December 31, 2024 and 2023.(C)Includes increases in the cost basis of investments resulting from new portfolio investments, the amortization of discounts and other non-cash disbursements to portfolio companies, as well as decreases in the cost basis of investments resulting from principal repayments or sales, the amortization of premiums and acquisition costs, and other cost-basis adjustments.(D)The nine months ended December 31, 2023 includes $0.3 million of proceeds from the recapitalization of Old World Christmas, Inc. ("Old World"). (E)For the three and nine months ended December 31, 2023, transfers represent preferred equity of SFEG Holdings, Inc. ("SFEG") with a total cost basis and fair value of $4.8 million and $8.6 million, respectively, which was converted to common equity in