Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 3

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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13,780)(15,331)NET ASSETS, JUNE 30$485,304 $477,380 

(A)Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS. 

4

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS)

(UNAUDITED)

Three Months Ended June 30,20252024CASH FLOWS FROM OPERATING ACTIVITIESNet increase (decrease) in net assets resulting from operations$7,772 $(6,526)Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:Purchase of investments(62,842)(598)Principal repayments of investments4,370 3,000 Net proceeds from the sale and recapitalization of investments— 24 Net realized gain on investments— (2)Net unrealized depreciation of investments1,047 18,942 Net unrealized appreciation of other269 — Amortization of deferred financing costs and discounts910 631 Bad debt expense, net of recoveries(165)890 Changes in assets and liabilities:Increase in interest receivable(368)(86)Decrease in due from administrative agent236 1,781 Decrease (increase) in other assets, net386 (105)Increase in accounts payable and accrued expenses383 360 Increase (decrease) in interest payable240 (3)Decrease in fees due to Adviser(A)(2,972)(6,127)Increase in fee due to Administrator(A)145 151 Increase (decrease) in other liabilities408 (11)Net cash (used in) provided by operating activities(50,181)12,321 CASH FLOWS FROM FINANCING ACTIVITIESProceeds from issuance of common stock7,331 — Discounts, commissions, and offering costs for issuance of common stock(81)— Proceeds from line of credit77,500 16,300 Repayments on line of credit(15,500)(19,600)Deferred financing and offering costs(80)(246)Distributions paid to common stockholders(28,788)(8,805)Net cash provided by