---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-23-000015"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:03:24.647873+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q4 NII up 12.5% to $0.29/sh; FY NII $1.11/sh, NAV $13.09

## Summary
- Q4 net investment income $9.6M ($0.29/sh), up from $8.6M ($0.26/sh) in Q3; FY NII $37.0M ($1.11/sh), up 147% YoY.
- NAV per share $13.09 as of March 31, 2023, down from $13.43 at December 31, 2022 and March 31, 2022.
- FY total investment income $81.5M, up 12.4% YoY, driven by higher dividend and success fee income.
- FY cash distributions $1.41 per common share from NII ($0.92) and realized gains ($0.49); declared $0.36/sh for June quarter.
- Invested $133.8M in FY, including $60.1M in one new portfolio company; exited two companies with $4.1M success fees and $4.7M gains.

## SEC filing metadata
- accession: 0001321741-23-000015
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000015/0001321741-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000015/gain-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-23-000015
- JSON: https://secwatch.observer/filing/0001321741-23-000015.json
- Plain text: https://secwatch.observer/filing/0001321741-23-000015.txt

## Key facts
- Earnings Releases
  GLADSTONE INVESTMENT CORPORATION\DE reported financial results for fourth quarter and fiscal year ended March 31, 2023.
  - Period: fourth quarter and fiscal year ended March 31, 2023
  - Result: reported results
  source text: Gladstone Investment Corporation issued a press release announcing its financial results for its fourth quarter and fiscal year ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000015/0001321741-23-000015-index.htm

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