---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-24-000006"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:50:49.020483+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q3 NII $0.28; NAV $13.01; realized gain $43.5M

## Summary
- Net investment income of $9.7M ($0.28/share) vs $(0.05)/share prior quarter; adjusted NII $0.26/share, up 8.3%.
- Realized gain of $43.5M from exit of Counsel Press; net unrealized depreciation of $46.6M drove NAV down 7.3% to $13.01.
- Total investment income $23.1M (+13.8% QoQ); cash distributions totaled $1.24/share ($0.43 NII + $0.81 realized gains).
- Invested $64.7M in SFEG Holdings add-on; raised $20.8M via ATM at $14.51/share; credit facility increased to $200M post-quarter.
- Stockholders approved new advisory agreement; voting trust established for David Gladstone succession.

## SEC filing metadata
- accession: 0001321741-24-000006
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321741/000132174124000006/0001321741-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174124000006/gain-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-24-000006
- JSON: https://secwatch.observer/filing/0001321741-24-000006.json
- Plain text: https://secwatch.observer/filing/0001321741-24-000006.txt

## Key facts
- Earnings Releases
  GLADSTONE INVESTMENT CORPORATION\DE reported third fiscal quarter ended December 31, 2023 results: revenue $23.1 million, net income $9.7 million, EPS $0.28 per weighted-average common share.
  - Period: third fiscal quarter ended December 31, 2023
  - Revenue: $23.1 million
  - Net income: $9.7 million
  - EPS: $0.28 per weighted-average common share
  - Result: reported results
  source text: Net investment income for the quarter ended December 31, 2023 was $9.7 million, or $0.28 per weighted-average common share, compared to net investment loss of $1.7 million, or $(0.05) per weighted-average common share, for the quarter ended September 30, 2023. This increase was a result of a decrease in total expenses, net of credits, primarily due to a decrease in accruals for capital gains-based incentive fees, and an increase in total investment income in the current quarter. Total investment income for the quarters ended December 31, 2023 and September 30, 2023 was $23.1 million and $20.3 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000132174124000006/0001321741-24-000006-index.htm

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