secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE INVESTMENT CORPORATION\DE (GAIN)
CIK:        0001321741
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001321741-24-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Investment Q2 NII $0.20 (down 41% QoQ), adjusted NII flat $0.24, $42.3M realized gain
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- Net investment income $7.3M ($0.20/share), down from $12.4M ($0.34) in prior quarter; adjusted NII $8.9M ($0.24) unchanged.
- Realized $42.3M gain from exit of Nth Degree; investments at fair value $853M (101.6% of cost) across 22 portfolio companies.
- NAV per share fell to $12.49 from $13.01 due to $34.1M unrealized depreciation and distributions exceeding net realized gains.
- Declared supplemental $0.70/share distribution in Sep (paid Oct) plus monthly $0.08; invested $18.5M in Nocturne Luxury Villas.
- Total investment income $22.6M (+1.7% QoQ); expenses rose to $15.3M, partly from capital gains incentive fee accrual.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321741/000132174124000018/0001321741-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321741/000132174124000018/gain-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001321741-24-000018

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