Gladstone Investment Q3: GAAP NII $0.26/sh vs $0.34 prior; adj. NII $0.30/sh; NAV $13.43; raises distributions

GLADSTONE INVESTMENT CORPORATION\DE

2023-Q3 EPS reported $0.82

Net investment income $8.6M ($0.26/sh), down 24.9% q/q, on $1.4M incentive fee accrual.
Adjusted net investment income (excl. incentive fee) $10.0M ($0.30/sh), up 3.4% q/q.
NAV per share $13.43 vs $13.31; investment portfolio $760.5M at 105.3% of cost.
Declared $0.08/sh monthly distributions for Jan/Feb/Mar 2023 and $0.24 supplemental in Mar.
Recapitalized Old World Christmas ($15.5M investment, $17.9M proceeds, $13.4M realized gain).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLADSTONE INVESTMENT CORPORATION\DE reported third fiscal quarter ended December 31, 2022 results: revenue $21.6 million, net income $8.6 million, EPS $0.26.

Period: third fiscal quarter ended December 31, 2022
Revenue: $21.6 million
Net income: $8.6 million
EPS: $0.26
Result: reported results

Exact text from the filing

in the current quarter, partially offset by an increase in total investment income. Total investment income for the quarters ended December 31, 2022 and September 30, 2022 was $21.6 million and $20.8 million, respectively. The quarter over quarter increase was due to a $1.8 million increase in interest income, primarily due to an increase in the weighted-average

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Source: SEC EDGAR

accession 0001321741-23-000006

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