---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-24-000014"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:00:25.207160+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q1 NII $0.34/share, total investment income down 6% on non-accruals

## Summary
- Net investment income $12.4M ($0.34/share) vs $5.3M ($0.15) prior quarter; adjusted NII $0.24/share unchanged.
- Total investment income $22.2M, down 6.2% YoQ due to $0.8M drop in interest from non-accrual loans and $0.7M less success fees.
- NAV per share fell to $13.01 from $13.43, driven by $18.9M net unrealized depreciation and $8.8M distributions.
- Quarterly distributions declared at $0.08/month; post-quarter added $18.5M first-lien debt in Nocturne Luxury Villas.
- Portfolio exited Funko in May for $21K cost return and $2K realized gain; portfolio companies decreased to 23.

## SEC filing metadata
- accession: 0001321741-24-000014
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2024-08-05T23:59:59+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/1321741/000132174124000014/0001321741-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174124000014/gain-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-24-000014
- JSON: https://secwatch.observer/filing/0001321741-24-000014.json
- Plain text: https://secwatch.observer/filing/0001321741-24-000014.txt

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