GLADSTONE INVESTMENT CORPORATIONDE
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
GAIN$15.01-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations for the months ended and
CONSOLIDATED STATEMENTS OF OPERATIONS
(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
| Three Months Ended September 30, | Six Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| INVESTMENT INCOME | ||||
| Interest income | ||||
| Non-Control/Non-Affiliate investments | $15,105 | $13,626 | $29,647 | $26,116 |
| Affiliate investments | 5,834 | 6,318 | 11,874 | 11,934 |
| Cash and cash equivalents | 57 | 333 | 100 | 620 |
| Total interest income | 20,996 | 20,277 | 41,621 | 38,670 |
| Dividend income | ||||
| Non-Control/Non-Affiliate investments | 1,419 | — | 1,419 | — |
| Affiliate investments | — | — | — | 1,907 |
| Total dividend income | 1,419 | — | 1,419 | 1,907 |
| Success fee income | ||||
| Non-Control/Non-Affiliate investments | — | — | 1,553 | — |
| Affiliate investments | 150 | — | 150 | — |
| Total success fee income | 150 | — | 1,703 | — |
| Total investment income | $22,565 | $20,277 | $44,743 | $40,577 |
| EXPENSES | ||||
| Base management fee(A) | $4,447 | $4,341 | $9,065 | $8,272 |
| Loan servicing fee(A) | 2,194 | 2,325 | 4,416 | 4,497 |
| Incentive fee(A) | 2,232 | 11,540 | (1,556) | 13,734 |
| Administration fee(A) | 567 | 334 | 1,073 | 856 |
| Interest expense on borrowings | 6,399 | 6,104 | 12,879 | 11,078 |
| Amortization of deferred financing costs and discounts | 629 | 574 | 1,260 | 1,119 |
| Professional fees | 481 | 335 | 811 | 619 |
| Other general and administrative expenses | 1,188 | 828 | 2,802 | 1,513 |
| Expenses before credits from Adviser | 18,137 | 26,381 | 30,750 | 41,688 |
| Credits to base management fee – loan servicing fee(A) | (2,194) | (2,325) | (4,416) | (4,497) |
| Credits to fees from Adviser - other(A) | (669) | (2,049) | (1,296) | (3,324) |
| Total expenses, net of credits to fees | 15,274 | 22,007 | 25,038 | 33,867 |
| NET INVESTMENT INCOME (LOSS) | $7,291 | $(1,730) | $19,705 | $6,710 |
| REALIZED AND UNREALIZED GAIN (LOSS) | ||||
| Net realized gain: | ||||
| Non-Control/Non-Affiliate investments | $19 | $289 | $21 | $289 |
| Affiliate investments | 42,284 | — | 42,284 | 273 |
| Control investments | — | — | — | 882 |
| Total net realized gain | 42,303 | 289 | 42,305 | 1,444 |
| Net unrealized (depreciation) appreciation: | ||||
| Non-Control/Non-Affiliate investments | 464 | 46,367 | (11,970) | 49,795 |
| Affiliate investments | (33,684) | 2,378 | (38,749) | (1,777) |
| Control investments | (892) | — | (2,335) | (93) |
| Other | — | 52 | — | 63 |
| Total net unrealized (depreciation) appreciation | (34,112) | 48,797 | (53,054) | 47,988 |
| Net realized and unrealized gain (loss) | 8,191 | 49,086 | (10,749) | 49,432 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $15,482 | $47,356 | $8,956 | $56,142 |
| BASIC AND DILUTED PER COMMON SHARE: | ||||
| Net investment income (loss) | $0.20 | $(0.05) | $0.54 | $0.20 |
| Net increase in net assets resulting from operations | $0.42 | $1.40 | $0.24 | $1.67 |
| WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING: | ||||
| Basic and diluted | 36,688,667 | 33,817,214 | 36,688,667 | 33,704,976 |
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