Gladstone Investment Q3 net investment loss $6.5M; adjusted NII $0.21; NAV rises to $14.95

GLADSTONE INVESTMENT CORPORATION\DE

Net investment loss of $6.5M ($0.16/share) vs income of $4.3M prior quarter; adjusted NII of $0.21/share (down from $0.24) excludes $14.7M incentive fee accrual.
Total investment income $25.1M, down 0.9% QoQ; weighted-average yield on interest-bearing investments 12.9% (down from 13.4%).
NAV per share increased 10.5% to $14.95, driven by $70.2M net unrealized appreciation; total investments at fair value $1.22B (115.5% of cost).
Invested $33.1M in new portfolio company Rowan Energy; issued $60M 6.875% notes due 2028, redeemed $74.8M 8.00% notes.
Monthly distribution maintained at $0.08 per share ($0.24 quarterly); sold 230,930 shares via ATM at avg $14.03.

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