---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-23-000006"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:34:04.495745+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001321741-23-000006
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000006/0001321741-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000006/gain-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-23-000006
- JSON: https://secwatch.observer/filing/0001321741-23-000006.json
- Plain text: https://secwatch.observer/filing/0001321741-23-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000006/0001321741-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.