secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE INVESTMENT CORPORATION\DE (GAIN)
CIK:        0001321741
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001321741-24-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321741/000132174124000014/0001321741-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321741/000132174124000014/gain-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001321741-24-000014

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