Gladstone Investment Corporation (GAIN)

Gladstone Investment Corporation Acquires DHE Computer Systems, LLCJuly 10, 2026 8:30 AM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / July 10, 2026 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of DHE Computer Systems, LLC ("DHE"). Gladstone Investment provided debt and equity financing to complete the transaction.DHE (the "Company"), headquartered in Centennial, Colorado, is a leading full-service technology solutions provider serving the state, local, and education and commercial markets. DHE provides end-to-end IT products and lifecycle services, including hardware, software, device configuration and enrollment, deployment logistics, repair and warranty support, data recovery, and emerging managed services. DHE's existing management team, led by Chief Executive Officer Dan Hammack, will continue to lead the business following the transaction. The Company's founders, Dan Hammack and Elena "Annie" Hammack, will remain meaningful shareholders alongside Gladstone Investment."We are excited to partner with Dan, Annie and the entire DHE team as the Company continues its next phase of growth," said Michael Cueter, Managing Director at Gladstone Investment. "DHE has established itself as a trusted, high-touch technology partner to schools, government agencies and commercial customers by delivering the products, services and support needed to manage complex device fleets and broader IT service solutions. We believe DHE's strong customer relationships, OEM partnerships, service capabilities and expanding technology offerings create a compelling platform for continued growth.""The Hammack family is excited to partner with Gladstone Investment as we begin DHE's next chapter," said Dan Hammack. "Since founding DHE, our focus has always been on serving as a trusted technology partner to our customers and helping them solve complex IT needs with responsive service and practical solutions. We believe Gladstone Investment is the right partner to help us build on that foundation, continue investing in our team and expanding capabilities, and pursue the next phase of growth for the business.""DHE represents another strong example of Gladstone Investment's strategy of partnering with successful founder- and management-owned lower middle market businesses," said David Dullum, Chief Executive Officer and President of Gladstone Investment. "This investment represents our dedication to our ultimate goal of investing in quality companies that will produce stable income for dividends to Gladstone Investment's shareholders, as well as longer-term capital appreciation resulting in capital gains."Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in connection with acquisitions, changes in control, and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.Forward-looking Statements:The statements in this press release regarding the longer-term prospects of Gladstone Investment and DHE and its management team, and the ability of Gladstone Investment and DHE to grow and expand are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment's filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.For further information: Gladstone Investment Corporation, (703) 287-5893SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Corporation Acquires DHE Computer Systems, LLC

Gladstone Investment Corporation Portfolio Company SFEG Holdings Inc. Has Agreed to the Sale of Specialized Fabrication Equipment Group LLCJuly 7, 2026 6:30 PM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / July 7, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") portfolio company SFEG Holdings Inc. announced today that it has agreed to the sale of Specialized Fabrication Equipment Group LLC ("SFEG" or the "Company") to Enerpac Tool Group Corp., marking another successful realization for Gladstone Investment's buyout strategy. Gladstone Investment is expected to receive full repayment of its debt investment and realize a significant capital gain on its equity interest.SFEG designs and sells a suite of branded, specialty equipment for the fabrication and welding industries. Enerpac is a global provider of industrial tools and services, and the acquisition further expands its portfolio of specialty industrial solutions."Gladstone Investment is proud to have supported SFEG across six separate acquisitions that expanded the Company's product offering, customer reach, and market position within the fabrication and welding equipment industry," said Christopher Lee, Executive Vice President of Gladstone Investment. "CEO Vinay Varma, President Aidan Tagliaferro, and the entire SFEG management team successfully scaled the business through organic growth and acquisitions while broadening SFEG's portfolio of branded specialty equipment solutions and we wish them continued success as they further expand under Enerpac.""The successful sale of SFEG will represent Gladstone Investment's 31st realized exit from a management-supported buyout investment since inception," said David Dullum, Chief Executive Officer and President of Gladstone Investment. "This outcome reflects our strategy of partnering with management teams to build scalable lower middle market businesses while generating current income and long-term capital appreciation for shareholders."Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.Forward-looking Statements:The statements in this press release regarding the longer-term prospects of Gladstone Investment, SFEG, Enerpac Tool Group Corp. and their management teams, and the ability of Gladstone Investment, SFEG and Enerpac Tool Group Corp. to grow and expand are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment's filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.For further information: Gladstone Investment Corporation, (703) 287-5893SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Corporation Portfolio Company SFEG Holdings Inc. Has Agreed to the Sale of Specialized Fabrication Equipment Group LLC

Gladstone Investment Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended March 31, 2026May 12, 2026 4:20 PM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / May 12, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced earnings for its fourth quarter and fiscal year ended March 31, 2026. Please read the Company's Annual Report on Form 10-K, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)):
March 31,
2026 December 31,
2025 $
Change %
Change For the quarter ended: Total investment income $25,192 $25,062 $130 0.5%Total expenses, net(A) 35,802 31,571 4,231 13.4%Net investment loss(A) (10,610) (6,509) (4,101) 63.0%Net realized gain 163 2,180 (2,017) (92.5)%Net unrealized appreciation 92,821 70,227 22,594 32.2%Net increase in net assets resulting from operations(A) $82,374 $65,898 $16,476 25.0%Net investment loss per weighted-average common share(A) $(0.27) $(0.16) $(0.11) 68.8%Adjusted net investment income per weighted-average common share(B) $0.20 $0.21 $(0.01) (4.8)%Net increase in net assets resulting from operations per weighted-average common share(A) $2.07 $1.66 $0.41 24.7%Cash distribution per common share from net investment income(C) $0.24 $0.24 $- -%Cash distribution per common share from cumulative net realized gains(C) $- $- $- -%Weighted-average yield on interest-bearing investments 12.9% 12.9% -% -%Total dollars invested $2,300 $37,438 $(35,138) (93.9)%Total dollars repaid and/or collected from sales andrecapitalization of investments $8,513 $19,221 $(10,708) (55.7)%Weighted-average shares of common stock outstanding - basic and diluted 39,821,967 39,678,402 143,565 0.4%Total shares of common stock outstanding 39,821,967 39,821,967 - -%
As of: Total investments, at fair value $1,309,248 $1,222,792 $86,456 7.1%Fair value, as a percent of cost 124.4% 115.5% 8.9% 7.7%Number of portfolio companies 29 29 - -%Net assets $668,225 $595,408 $72,817 12.2%Net asset value per common share $16.78 $14.95 $1.83 12.2%
Total distributable earnings $181,468 $108,702 $72,766 66.9%Total distributable earnings per common share $4.56 $2.73 $1.83 67.0%
Estimated spillover $21,283 $22,943 $(1,660) (7.2)%Estimated spillover per common share $0.53 $0.58 $(0.05) (8.6)%
March 31,
2026 March 31,
2025 $Change %Change For the year ended: Total investment income $99,077 $93,662 $5,415 5.8%Total expenses, net(A) 102,829 65,567 37,262 56.8%Net investment (loss) income(A) (3,752) 28,095 (31,847) NM Net realized (loss) gain (27,595) 63,184 (90,779) NM Net unrealized appreciation (depreciation) 216,100 (25,960) 242,060 NM Net increase in net assets resulting from operations(A) $184,753 $65,319 $119,434 182.8%Net investment (loss) income per weighted-average common share(A) $(0.10) $0.76 $(0.86) NM Adjusted net investment income per weighted-average common share(B) $0.88 $0.97 $(0.09) (9.3)%Net increase in net assets resulting from operations per weighted-average common share(A) $4.77 $1.78 $2.99 168.0%Cash distribution per common share from net investment income(C) $0.99 $0.64 $0.35 54.7%Cash distribution per common share from cumulative net realized gains(C) $0.51 $1.02 $(0.51) (50.0)%Weighted-average yield on interest-bearing investments 13.3% 13.9% (0.6)% (4.2)%Total dollars invested $173,616 $221,217 $(47,601) (21.5)%Total dollars repaid and/or collected from sales andrecapitalization of investments $33,540 $199,625 $(166,085) (83.2)%Weighted-average shares of common stock outstanding - basic and diluted 38,712,611 36,735,218 1,977,393 5.4%Total shares of common stock outstanding 39,821,967 36,837,381 2,984,586 8.1%
As of: Total investments, at fair value $1,309,248 $979,320 $329,928 33.7%Fair value, as a percent of cost 124.4% 104.3% 20.1% 19.3%Number of portfolio companies 29 25 4 16.0%Net assets $668,225 $499,084 $169,141 33.9%Net asset value per common share $16.78 $13.55 $3.23 23.8% Total distributable earnings $181,468 $53,535 $127,933 239.0%Total distributable earnings per common share $4.56 $1.45 $3.11 214.5% Estimated spillover $21,283 $55,337 $(34,054) (61.5)%Estimated spillover per common share $0.53 $1.50 $(0.97) (64.7)%NM = Not Meaningful (A)Inclusive of $18.5 million, or $0.47 per weighted-average common share, and $14.7 million, or $0.37 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended March 31, 2026 and December 31, 2025, respectively; and $38.0 million, or $0.98 per weighted-average common share, and $7.4 million, or $0.21 per weighted-average common share, of capital-gains based incentive fees accrued during the years ended March 31, 2026 and March 31, 2025, respectively. These fees were accrued in accordance with United States generally accepted accounting principles ("GAAP"), where such amounts were not contractually due under the terms of the investment advisory agreement for the respective periods. Also see discussion under Non-GAAP Financial Measure - Adjusted Net Investment Income below.(B)See Non-GAAP Financial Measure - Adjusted Net Investment Income, below, for a description of this non-GAAP measure and a reconciliation from Net investment income (loss) to Adjusted net investment income, including on a weighted-average per share basis. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes it is useful to investors as an additional tool to evaluate ongoing results and trends for the Company.(C)Estimates of tax characterization made on a quarterly basis may not be representative of the actual tax characterization of distributions for the full year. Estimates made on a quarterly basis are updated as of each interim reporting date.Highlights for the Quarter: During the quarter ended March 31, 2026, the following significant events occurred:Distributions and Dividends:Paid an $0.08 per common share monthly distribution to common stockholders in each of January, February, and March 2026.Financing Activity:Issued 7.125% Notes due 2031 with an aggregate principal amount of $100.0 million.Fourth Quarter Results: Net investment loss for the quarter ended March 31, 2026 was $10.6 million, or $0.27 per weighted-average common share, compared to net investment loss for the quarter ended December 31, 2025 of $6.5 million, or $0.16 per weighted-average common share. This change was a result of an increase in total expenses, net of credits, partially offset by an increase in total investment income, quarter over quarter.Total investment income for the quarters ended March 31, 2026 and December 31, 2025 was $25.2 million and $25.1 million, respectively. The quarter over quarter increase was primarily due to a $0.4 million increase in dividend and success fee income, the timing of which can be variable, partially offset by a $0.2 million decrease in interest income, primarily due to the partial repayment of certain existing debt investments.Total expenses, net of credits, for the quarters ended March 31, 2026 and December 31, 2025 was $35.8 million and $31.6 million, respectively. The increase quarter over quarter was primarily due to a $3.8 million increase in accruals for capital gains-based incentive fees in the current quarter, as a result of the net impact of realized and unrealized gains and losses, a $0.4 million increase in base management fee and a $0.1 million decrease in credits from Adviser. These amounts were partially offset by a $0.4 million decrease in other expenses.Net asset value per common share as of March 31, 2026 was $16.78 compared to $14.95 as of December 31, 2025. The quarter over quarter increase was primarily due to $92.5 million, or $2.32 per common share, of net unrealized appreciation of investments. The increase was partially offset by $10.6 million, or $0.27 per common share, of net investment loss and $9.6 million, or $0.24 per common share, of distributions paid to common stockholders.Highlights for the Year: During the year ended March 31, 2026, the following significant events occurred:Portfolio Activity:In May 2025, we invested $49.5 million in a new portfolio company, Smart Chemical Solutions, LLC ("Smart Chemical"), in the form of $35.7 million of secured first lien debt and $13.8 million of preferred equity. Smart Chemical, headquartered in Midland, Texas, is a leading provider of production chemicals for onshore oil and gas operators throughout the United States.In May 2025, we invested $12.8 million in a new portfolio company, Sun State Nursery and Landscaping, LLC ("Sun State"), in the form of $9.8 million of secured first lien debt and $3.1 million of preferred equity. Sun State, headquartered in Jacksonville, Florida, is a leading commercial landscaping installation and maintenance provider in the Jacksonville area.In June 2025, we restructured our investment in PSI Molded Plastics, Inc. As a result of the restructuring, we converted debt with a cost basis of $10.6 million into preferred equity.In July 2025, we invested $67.6 million in a new portfolio company, Global GRAB Technologies, Inc. ("Global GRAB"), in the form of $46.5 million of secured first lien debt and $21.1 million of preferred equity. Global GRAB, headquartered in Franklin, Tennessee, is a provider of turnkey perimeter security and hostile vehicle mitigation systems, serving various government and commercial organizations.In September 2025, we entered into a new $20.0 million secured first lien term loan with J.R. Hobbs Co. - Atlanta, LLC ("J.R. Hobbs"), restructuring our previously outstanding first lien term loans and line of credit with an aggregate total cost basis of $49.9 million, which resulted in a realized loss of $29.9 million.In December 2025, we invested $33.1 million in a new portfolio company, Rowan Energy Inc. ("Rowan"), in the form of $25.8 million of secured first lien debt and $7.3 million of preferred equity. Rowan, headquartered in Arcadia, Oklahoma, specializes in advanced frac sand filtration, completion-equipment deployment and field-operations support.Distributions and Dividends:Paid an $0.08 per common share distribution to common stockholders each month from April 2025 through March 2026; andPaid a $0.54 per common share supplemental distribution to common stockholders in June 2025.At-the-market ("ATM") program activity:Sold 2,984,586 shares of our common stock under our common stock ATM program at a weighted-average gross price of $14.12 per share and raised approximately $41.5 million in net proceeds. These sales were above our then current NAV per share.Financing Activities:Issued 6.875% Notes due 2028 with an aggregate principal amount of $60.0 million.Amended our credit facility, increasing the size from $270.0 million to $300.0 million.Voluntarily redeemed the 8.00% Notes due 2028 with an aggregate principal amount of $74.8 million.Issued 7.125% Notes due 2031 with an aggregate principal amount of $100.0 million.Fiscal Year End Results: Net investment loss for the year ended March 31, 2026 was $3.8 million, or $0.10 per weighted-average common share, compared to net investment income for the year ended March 31, 2025 of $28.1 million, or $0.76 per weighted-average common share. This change was a result of an increase in total expenses, net of credits, partially offset by total investment income, year over year.Total investment income for the years ended March 31, 2026 and 2025 was $99.1 million and $93.7 million, respectively. The year over year increase was primarily due to a $6.1 million increase in interest income, partially offset by a $0.7 million decrease in dividend and success fee income, related to fees that did not reoccur in the current fiscal year, as the timing of such fee income can be variable. The increase in interest income was primarily due to an increase in the weighted-average principal balance of our interest-bearing investments, due to the additional debt investments made during the year, partially offset by a decrease in the weighted-average yield on interest-bearing investments, resulting from a decrease in SOFR.Total expenses, net of credits, for the years ended March 31, 2026 and 2025 was $102.8 million and $65.6 million, respectively. The increase year over year was primarily due to a $30.5 million increase in accruals for capital gains-based incentive fees in the current year, as a result of the net impact of realized and unrealized gains and losses, an $8.9 million increase in interest expense, related to the issuance of the 7.875% 2030 Notes in December 2024, the 6.875% 2028 Notes in November 2025 and the 7.125% 2031 Notes in February 2026 and increased borrowings on the credit facility, partially offset by a decrease in the effective interest rate and the redemption of the 8.00% 2028 Notes in December 2025, and a $3.7 million increase in base management fee.Net asset value per common share as of March 31, 2026 was $16.78 compared to $13.55 as of March 31, 2025. The year over year increase was primarily due to $216.1 million, or $5.58 per common share, of net unrealized appreciation of investments, which included $197.0 million, or $5.09 per common share, of unrealized appreciation and $19.1 million, or $0.49 per common share, of reversal of unrealized depreciation on our investment in J.R. Hobbs upon its restructure, and $0.07 per common share of net accretive effect of equity offerings. These increases were partially offset by $57.2 million, or $1.50 per common share, of distributions paid to common stockholders, $26.3 million, or $0.68 per common share, of net realized losses on investments, $3.8 million, or $0.10 per common share, of net investment loss and $1.3 million, or $0.03 of realized loss on other upon the redemption of the 8.00% Notes due 2028.The following table provides relevant information related to our notes payable and Credit Facility as of March 31, 2026: Interest Rate Aggregate Principal Amount Notes Payable 5.00% 2026 Notes(A) 5.00% $127,938 4.875% 2028 Notes 4.875% 134,550 7.875% 2030 Notes 7.875% 126,500 6.875% 2028 Notes 6.875% 60,000 7.125% 2031 Notes 7.125% 100,000 Total notes payable $548,988
Credit Facility (B) Commitment amount SOFR + 3.25% $300,000 Borrowings outstanding at cost $23,900 Availability(C) $276,100
Percentage of borrowings at:(D) Fixed rate 95.8%Floating rate 4.2%(A)On May 1, 2026, we repaid the 5.00% 2026 Notes at maturity.(B)The Credit Facility bears interest at 30-day Term Secured Overnight Financing Rate ("SOFR").(C)Availability is subject to various constraints, characteristics and applicable advance rates based on collateral quality under our Credit Facility, which equated to an adjusted availability of $276.1 million as of March 31, 2026.(D)The percentage uses the Credit Facility borrowings outstanding at cost as of March 31, 2026. The fixed rate borrowings consist of the outstanding notes payable. The floating rate borrowings consist of the Credit Facility borrowings outstanding at cost.The following table presents certain selected information regarding the debt investments of our portfolio companies as of March 31, 2026: March 31, 2026(A)(B) Weighted average interest rate of debt investments 12.9%Weighted average interest rate floor of debt investments 12.1%Current percentage of debt investments at interest rate floor 52.5%
Weighted average interest rate of debt investments assuming: 25 basis points decrease in SOFR 12.8%50 basis points decrease in SOFR 12.7%75 basis points decrease in SOFR 12.6%100 basis points decrease in SOFR 12.5%(A)Debt investments presented exclude line of credit commitments and all debt investments on non-accrual status as of March 31, 2026. The weighted average interest rate is based on the cost balance of the debt investments.(B)As of March 31, 2026, 100.0% of our debt investments are variable rates with a floor and are indexed to 30-day SOFR. The interest rate is the greater of the floor or the total of SOFR plus a spread. As of March 31, 2026, we did not have any loans with a paid-in-kind interest component.Subsequent Events: After March 31, 2026, the following significant events occurred:Distributions and dividends: In April 2026, our Board of Directors declared the following monthly distributions to common stockholders:Record Date Payment Date Distribution per Common ShareApril 24, 2026 April 30, 2026 $0.08May 20, 2026 May 29, 2026 0.08June 23, 2026 June 30, 2026 0.08 Total for the Quarter: $0.24Notes Payable: On May 1, 2026, we repaid the 5.00% Notes due 2026 with an aggregate principal amount outstanding of $127.9 million at maturity.Non-GAAP Financial Measure - Adjusted Net Investment Income: On a supplemental basis, the Company discloses Adjusted net investment income, including on a weighted-average per share basis, which is a financial measure that is calculated and presented on a basis of methodology other than in accordance with GAAP. Adjusted net investment income represents net investment (loss) income, excluding capital gains-based incentive fees. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes that this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends for the Company. The Company's investment advisory agreement provides that a capital gains-based incentive fee is determined and paid annually with respect to realized capital gains (but not unrealized appreciation) to the extent such realized capital gains exceed realized capital losses and unrealized depreciation on investments for such year. However, under GAAP, a capital gains-based incentive fee is accrued if realized capital gains and unrealized appreciation of investments exceed realized capital losses and unrealized depreciation of investments. Refer to Note 4 - Related Party Transactions in our Annual Report on Form 10-K for further discussion. The Company believes that Adjusted net investment income is a useful indicator of operations exclusive of any capital gains-based incentive fees, as net investment (loss) income does not include realized or unrealized investment activity associated with the capital gains-based incentive fee.The following table provides a reconciliation of net investment (loss) income (the most comparable GAAP measure) to Adjusted net investment income for the periods presented (dollars in thousands, except per share amounts; unaudited): For the quarter ended March 31, 2026 December 31, 2025 Amount Per ShareAmount Amount Per ShareAmount Net investment loss $(10,610) $(0.27) $(6,509) $(0.16)Capital gains-based incentive fee 18,533 0.47 14,749 0.37 Adjusted net investment income $7,923 $0.20 $8,240 $0.21 Weighted-average shares of common stock outstanding - basic and diluted 39,821,967 39,678,402 For the year ended March 31, 2026 March 31, 2025 Amount Per ShareAmount Amount Per ShareAmount Net investment (loss) income $(3,752) $(0.10) $28,095 $0.76 Capital gains-based incentive fee 37,970 0.98 7,445 0.21 Adjusted net investment income $34,218 $0.88 $35,540 $0.97 Weighted-average shares of common stock outstanding - basic and diluted 38,712,611 36,735,218 Adjusted net investment income may not be comparable to similar measures presented by other companies, as it is a non-GAAP financial measure that is not based on a comprehensive set of accounting rules or principles and therefore may be defined differently by other companies. In addition, Adjusted net investment income should be considered in addition to, not as a substitute for, or superior to, financial measures determined in accordance with GAAP.Conference Call: The Company will hold its earnings release conference call on Wednesday, May 13, 2026, at 8:30 a.m. Eastern Time. Please call (866) 373-3416 to enter the conference call. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through May 20, 2026. To hear the replay, please dial (877) 660-6853 and use the playback conference number 13759089. The replay will be available after the call concludes. The live audio broadcast of the Company's quarterly conference call will also be available online at www.gladstoneinvestment.com. The event will be archived and available for replay on the Company's website.About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.To obtain a paper copy of our Annual Report on Form 10-K, filed today with the SEC, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company's Form 10-K for the year ended March 31, 2026, including the notes to the consolidated financial statements contained therein.Investor Relations Inquiries: Please visit ir.gladstoneinvestment.com or call (703) 287-5893.Forward-looking Statements:The statements in this press release regarding potential future distributions, earnings and operations of the Company are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on the Company's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended March 31, 2026

Gladstone Investment Announces Monthly Cash Distributions for April, May and June 2026, and Earnings Release and Conference Call Dates for the Fourth Fiscal QuarterApril 14, 2026 4:30 PM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / April 14, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its fourth fiscal quarter ended March 31, 2026.Common Stock: $0.08 per share of common stock for each of April, May and June 2026 payable per the table below.Record DatePayment DateCash DistributionApril 24April 30$0.08May 20May 29$0.08June 23June 30$0.08Total for the Quarter:$0.24The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstoneinvestment.com.The Company also announced today that it plans to report earnings after the stock market closes on Tuesday, May 12, 2026, for its fourth fiscal quarter and year ended March 31, 2026. The Company will hold a conference call on Wednesday, May 13, 2026 at 8:30 a.m. Eastern Time to discuss its earnings results. Please call (866) 373-3416 to enter the conference call. An operator will monitor the call and set a queue for questions.A conference call replay will be available beginning after the call and will be accessible through May 20, 2026. To hear the replay, please dial (877) 660-6853 and use playback conference number 13759089.The live audio broadcast of the Company's conference call will be available online at www.gladstoneinvestment.com. The event will also be archived and available for replay on the Company's website.About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control, and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.Investor Relations Inquiries: Please visit www.gladstonecompanies.com or (703) 287-5893.SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Announces Monthly Cash Distributions for April, May and June 2026, and Earnings Release and Conference Call Dates for the Fourth Fiscal Quarter

Gladstone Investment Corporation Prices Public Offering of 7.125% Notes due 2031February 10, 2026 4:05 PM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / February 10, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced that it priced a public offering of $100.0 million aggregate principal amount of 7.125% Notes due 2031 (the "Notes") on February 10, 2026. The Notes will mature on May 1, 2031 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after May 1, 2028. The Notes will bear interest at a rate of 7.125% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning May 1, 2026. The Company also granted the underwriters a 30-day option to purchase up to an additional $15.0 million in aggregate principal amount of Notes to cover overallotments, if any. The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAING" within 30 days of issuance. Oppenheimer & Co. Inc., Lucid Capital Markets, LLC, B. Riley Securities, Inc. and Muriel Siebert & Co., LLC are acting as joint book-running managers for this offering. Clear Street LLC, Huntington Securities, Inc., InspereX LLC, Ladenburg Thalmann & Co. Inc. and Wedbush Securities Inc. are acting as co-managers for this offering.The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about February 18, 2026.The Company intends to use the net proceeds from this offering to repay a portion of the amount outstanding under its revolving credit facility, to fund new investment opportunities, and for other general corporate purposes.Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated February 9, 2026, and the accompanying prospectus, dated April 18, 2024, which have been filed with the U.S. Securities and Exchange Commission (the "SEC"), contain this and other information about the Company and should be read carefully before investing.The offering is being conducted as a public offering under the Company's effective shelf registration filed with the SEC (File No. 333-277452).To obtain a copy of the preliminary prospectus supplement for this offering and the accompanying prospectus, please contact: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at EquityProspectus@opco.com.This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.Forward-Looking StatementsThis press release contains statements as to the Company's intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These statements relate to the offering of Notes and the anticipated use of the net proceeds by the Company. No assurance can be given that the transaction discussed above will be completed on the terms described, or at all. Completion of the offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which the Company is or may be subject, please refer to the factors discussed under the captions "Forward-Looking Statements" and "Risk Factors" included in the Company's filings with the SEC (accessible at www.sec.gov).CONTACT: For further information: Gladstone Investment Corporation, 703-287-5893.SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Corporation Prices Public Offering of 7.125% Notes due 2031

Gladstone Investment Corporation Announces Notes OfferingFebruary 9, 2026 4:05 PM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / February 9, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced that it plans to make a public offering of Notes due 2031 (the "Notes"). The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAING" within 30 days of issuance. Oppenheimer & Co. Inc., Lucid Capital Markets, LLC, B. Riley Securities, Inc. and Muriel Siebert & Co., LLC are acting as joint book-running managers for this offering. Clear Street LLC, Huntington Securities, Inc., InspereX LLC, Ladenburg Thalmann & Co. Inc. and Wedbush Securities Inc. are acting as co-managers for this offering.The Company intends to repay a portion of the amount outstanding under its revolving credit facility, to fund new investment opportunities, and for other general corporate purposes.Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated February 9, 2026, and the accompanying prospectus, dated April 18, 2024, which have been filed with the U.S. Securities and Exchange Commission (the "SEC"), contain this and other information about the Company and should be read carefully before investing.The offering is being conducted as a public offering under the Company's effective shelf registration filed with the SEC (File No. 333-277452).To obtain a copy of the preliminary prospectus supplement for this offering and the accompanying prospectus, please contact: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at EquityProspectus@opco.com.The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may change. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.Forward-Looking StatementsThis press release contains statements as to the Company's intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These statements relate to the offering of Notes and the anticipated use of the net proceeds by the Company. No assurance can be given that the transaction discussed above will be completed on the terms described, or at all. Completion of the offering on the terms described are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which the Company is or may be subject, please refer to the factors discussed under the captions "Forward-Looking Statements" and "Risk Factors" included in the Company's filings with the SEC (accessible at www.sec.gov).CONTACT: For further information: Gladstone Investment Corporation, 703-287-5893.SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Corporation Announces Notes Offering

Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2025February 3, 2026 4:15 PM
ACCESS NewswireMCLEAN, VA / ACCESS Newswire / February 3, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced earnings for its third fiscal quarter ended December 31, 2025. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): December 31,
2025 September 30,
2025 Change %Change For the quarter ended: Total investment income $25,062 $25,279 $(217) (0.9)%Total expenses, net(A) 31,571 21,000 10,571 50.3%Net investment (loss) income(A) (6,509) 4,279 (10,788) NM Net realized gain (loss) 2,180 (29,938) 32,118 NM Net unrealized appreciation 70,227 54,368 15,859 29.2%Net increase in net assets resulting from operations(A) $65,898 $28,709 $37,189 129.5%Net investment (loss) income per weighted-average common share(A) $(0.16) $0.11 $(0.27) NM Adjusted net investment income per weighted-average common share(B) $0.21 $0.24 $(0.03) (12.5)%Net increase in net assets resulting from operations per weighted-average common share(A) $1.66 $0.75 $0.91 121.3%Cash distribution per common share from net investment income(C) $0.24 $0.24 $- -%Cash distribution per common share from net realized gains(C) $- $- $- -%Weighted-average yield on interest-bearing investments 12.9% 13.4% (0.5)% (3.7)%Total dollars invested $37,438 $71,036 $(33,598) (47.3)%Total dollars repaid and collected from sales and recapitalization of investments $19,221 $1,436 $17,785 NM Weighted-average shares of common stock outstanding - basic and diluted 39,678,402 38,445,643 1,232,759 3.2%Total shares of common stock outstanding 39,821,967 39,591,037 230,930 0.6% As of: Total investments, at fair value $1,222,792 $1,130,859 $91,933 8.1%Fair value, as a percent of cost 115.5% 109.0% 6.5% 6.0%Number of portfolio companies 29 28 1 3.6%Net assets $595,408 $535,843 $59,565 11.1%Net asset value per common share $14.95 $13.53 $1.42 10.5% Total distributable earnings $108,702 $52,249 $56,453 108.0%Total distributable earnings per common share $2.73 $1.32 $1.41 106.8% Estimated spillover $22,943 $25,435 $(2,492) (9.8)%Estimated spillover per common share $0.58 $0.64 $(0.06) (9.4)%NM = Not Meaningful(A) Inclusive of $14.7 million, or $0.37 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended December 31, 2025 and $4.9 million, or $0.13 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended September 30, 2025, respectively. These fees were accrued in accordance with United States generally accepted accounting principles ("U.S. GAAP"), where such amounts were not contractually due under the terms of the investment advisory agreement for the respective periods. Also see discussion under Non-GAAP Financial Measure - Adjusted Net Investment Income below.
(B) See Non-GAAP Financial Measure - Adjusted Net Investment Income, below, for a description of this non-GAAP measure and a reconciliation from Net investment (loss) income to Adjusted net investment income, including on a weighted-average per share basis. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes it is useful to investors as an additional tool to evaluate ongoing results and trends for the Company.
(C) Estimates of tax characterization made on a quarterly basis may not be representative of the actual tax characterization of distributions for the full year. Estimates made on a quarterly basis are updated as of each interim reporting date.Highlights for the Quarter: During the quarter ended December 31, 2025, the following significant events occurred:Portfolio Activity:In December 2025, we invested $33.1 million in a new portfolio company, Rowan Energy Inc. ("Rowan"), in the form of $25.8 million of secured first lien debt and $7.3 million of preferred equity. Rowan, headquartered in Oklahoma, specializes in advanced frac sand filtration, completion-equipment deployment and field-operations support.Distributions and Dividends:Paid an $0.08 per common share distribution to common stockholders in each of October, November and December 2025.At-the-market ("ATM") Program Activity:Sold 230,930 shares of our common stock under our common stock ATM program at a weighted-average gross price of $14.03 per share and raised approximately $3.2 million in net proceeds. These sales were above our then-current NAV per share.Financing activity:Issued 6.875% Notes due 2028 with a total principal amount of $60.0 million.Amended our credit facility, increasing the size from $270.0 million to $300.0 million.Voluntarily redeemed the 8.00% Notes due 2028 with an aggregate principal amount of $74.8 million.Third Quarter Results: Net investment loss for the quarter ended December 31, 2025 was $6.5 million, or $0.16 per weighted-average common share, compared to net investment income of $4.3 million, or $0.11 per weighted-average common share, for the quarter ended September 30, 2025. This decrease was a result of an increase in total expenses, net of credits, primarily due to an increase in accruals for capital gains-based incentive fees, as well as a decrease in total investment income in the current quarter.Total investment income for the quarters ended December 31, 2025 and September 30, 2025 was $25.1 million and $25.3 million, respectively. The decrease quarter over quarter was due to a $0.4 million decrease in dividend and success fee income, the timing of which can be variable, partially offset by a $0.2 million increase in interest income, primarily due to an increase in the weighted-average principal balance of our interest-bearing investment portfolio outstanding.Total expenses, net of credits, for the quarters ended December 31, 2025 and September 30, 2025 was $31.6 million and $21.0 million, respectively. The increase quarter over quarter was primarily due to a $9.9 million increase in accruals for capital gains-based incentive fees in the current quarter, as a result of the net impact of realized and unrealized gains and losses, a $0.5 million increase in base management fee and a $0.4 million decrease in credits from Adviser. The increase was partially offset by a $0.3 million decrease in income-based incentive fees.Net asset value per common share as of December 31, 2025 was $14.95, compared to $13.53 as of September 30, 2025. The increase quarter over quarter was primarily due to net unrealized appreciation of investments of $70.2 million, or $1.77 per common share, and $3.5 million, or $0.09 per common share, of realized gain on investments. These increases were partially offset by $9.5 million, or $0.24 per common share, of distributions paid to common shareholders, $6.5 million, or $0.16 per common share, of net investment loss and $1.3 million, or $0.03 per common share, of realized loss on other upon the redemption of the 8.00% Notes due 2028.The following table provides relevant information related to our notes payable and Credit Facility as of December 31, 2025: Interest
Rate Aggregate Principal Amount Notes Payable 5.00% 2026 Notes 5.00% $127,938 4.875% 2028 Notes 4.875% 134,550 7.875% 2030 Notes 7.875% 126,500 6.875% 2028 Notes 6.875% 60,000 Total Notes payable $448,988 Credit Facility (A) Commitment amount SOFR + 3.25% $300,000 Borrowings outstanding at cost $128,600 Availability(B) $171,400 Percentage of borrowings at:(C) Fixed rate 77.7%Floating rate 22.3%(A) The Credit Facility bears interest at 30-day Term Secured Overnight Financing Rate ("SOFR").
(B) Availability is subject to various constraints, characteristics and applicable advance rates based on collateral quality under our Credit Facility, which equated to an adjusted availability of $171.4 million as of December 31, 2025.
(C) The percentage uses the Credit Facility borrowings outstanding at cost as of December 31, 2025. The fixed rate borrowings consist of the outstanding notes payable. The floating rate borrowings consist of the Credit Facility borrowings outstanding at cost.The following table presents certain selected information regarding the debt investments of our portfolio companies as of December 31, 2025: December 31, 2025(A)(B) Weighted average interest rate of debt investments 12.9%Weighted average interest rate floor of debt investments 12.1%Current percentage of debt investments at interest rate floor 52.1% Weighted average interest rate of debt investments assuming: 25 basis points decrease in SOFR 12.8%50 basis points decrease in SOFR 12.7%75 basis points decrease in SOFR 12.6%100 basis points decrease in SOFR 12.5%(A) Debt investments presented exclude line of credit commitments and all debt investments on non-accrual status as of December 31, 2025. The weighted average interest rate is based on the cost balance of the debt investments.
(B) As of December 31, 2025, 100.0% of our debt investments are variable rates with a floor and are indexed to 30-day SOFR. The interest rate is the greater of the floor or the total of SOFR plus a spread. As of December 31, 2025, we did not have any loans with a paid-in-kind interest component.Subsequent Events: After December 31, 2025, the following significant events occurred:Distributions and Dividends:In January 2026, our Board of Directors declared the following monthly distributions to common stockholders:Record Date Payment Date Distribution per Common Share January 23, 2026 January 30, 2026 $0.08 February 18, 2026 February 27, 2026 0.08 March 23, 2026 March 31, 2026 0.08 Total for the Quarter: $0.24 Non-GAAP Financial Measure - Adjusted Net Investment Income: On a supplemental basis, the Company discloses Adjusted net investment income, including on a weighted-average per share basis, which is a financial measure that is calculated and presented on a basis of methodology other than in accordance with GAAP. Adjusted net investment income represents net investment (loss) income, excluding capital gains-based incentive fees. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes that this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends for the Company. The Company's investment advisory agreement provides that a capital gains-based incentive fee is determined and paid annually with respect to realized capital gains (but not unrealized appreciation) to the extent such realized capital gains exceed realized capital losses and unrealized depreciation on investments for such year. However, under GAAP, a capital gains-based incentive fee is accrued if realized capital gains and unrealized appreciation of investments exceed realized capital losses and unrealized depreciation of investments. Refer to Note 4 - Related Party Transactions in our Quarterly Report on Form 10-Q for further discussion. The Company believes that Adjusted net investment income is a useful indicator of operations exclusive of any capital gains-based incentive fees, as net investment (loss) income does not include realized or unrealized investment activity associated with the capital gains-based incentive fee.The following table provides a reconciliation of net investment (loss) income (the most comparable GAAP measure) to Adjusted net investment income for the periods presented (dollars in thousands, except per share amounts; unaudited): For the quarter ended December 31, 2025 September 30, 2025 Amount Per ShareAmount Amount Per ShareAmount Net investment (loss) income $(6,509) $(0.16) $4,279 $0.11 Capital gains-based incentive fee 14,749 0.37 4,897 0.13 Adjusted net investment income $8,240 $0.21 $9,176 $0.24 Weighted-average shares of common stock outstanding - basic and diluted 39,678,402 38,445,643 Adjusted net investment income may not be comparable to similar measures presented by other companies, as it is a non-GAAP financial measure that is not based on a comprehensive set of accounting rules or principles and therefore may be defined differently by other companies. In addition, Adjusted net investment income should be considered in addition to, not as a substitute for, or superior to, financial measures determined in accordance with GAAP.Conference Call: The Company will hold its earnings release conference call on Wednesday, February 4, 2026, at 8:30 a.m. Eastern Time. Please call (866) 373-3416 to enter the conference call. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through February 11, 2026. To hear the replay, please dial (877) 660-6853 and use the playback conference number 13757327. The replay will be available after the call concludes. The live audio broadcast of the Company's quarterly conference call will also be available online at www.gladstoneinvestment.com. The event will be archived and available for replay on the Company's website.About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.To obtain a paper copy of our Quarterly Report on Form 10-Q, filed today with the SEC, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company's Form 10-Q for the quarter ended December 31, 2025, including the notes to the consolidated financial statements contained therein.Investor Relations Inquiries: Please visit ir.gladstoneinvestment.com or call (703) 287-5893.Forward-looking Statements:The statements in this press release regarding potential future distributions, earnings and operations of the Company are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on the Company's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.SOURCE: Gladstone Investment CorporationView the original press release on ACCESS NewswireOriginal: Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2025

Wonder why the big drop today?

Indeed, Air!
impressive.
-p

Happy .88 Divvy Day!!!!! May we have many more!

Took a position here about two months ago. Been eyeing it for about 3 years.

Seems like a good price point to me. If you are looking for a nice stable monthly dividend then this is your stock. If your looking to make a gain on value, look elsewhere.

Looking to enter a position anyone still on this board?

The stock price has doubled in the past year. The dividend payout is a decent 5.8%, paid monthly. The PE ratio is a very modest 5 against an industrial sector with some really daunting PE ratios.
What's not to like?

great to have, good to hold. No apparent downside to adding, even.
-p

Hitting new 52 week high! Time to get in or time to sell? I'm thinking hold.

Bought big on the dip, hope I made the right move.... we'll see.

Happy Dividend Day! Nice to see it climbing right after the payout! Best stock I own right now.

.07/share monthly. Solid return.

Hows the DIV on this y'all?

Thanks for your info and opinion. I also think the reason it started down trending was whenever that proxy vote comes up to dilute our shares, shareholders get upset and dump. All BDCs do it and most slit their own throats when they do it too many times. TICC is a good example. Luckily, or maybe it was planned but they beat their quarter estimates right after they brought up the shares they wanted to sell under nav to soften the blow, IMO.

NAV at $11.57 so anything you can buy under that is a good deal...
BIG JUMP in NAV this quarter.

So what have we done since 2014 and so on? Well, we've grown our total assets from about $331 million to about $641 million at fair value. The debt portion at cost has grown from about $279 million to almost $442 million, which is what supports the growth in our regular monthly distributions per common share, which went from $0.66 per share in fiscal 2014 to $0.80 per share annual run rate since April of 2018.

The equity portion at cost of our portfolio has grown from about $105 million to about $155 million. Our NAV, net asset value, per share has increased from $8.34 per share to $11.57 over that same period.

https://seekingalpha.com/article/4193757-gladstone-investment-corp-gain-ceo-david-gladstone-q1-2018-results-earnings-call-transcript?page=4

GAIN is now a premium to NAV
Think it will be for sometime.
Anything around NAV or just under is a buy for me..

I haven't looked at the short volume...I will go check it out.
A bit high, man no idea why you would be shorting this...

NAV is going up,
Covering dividend,
multiple div raises and added a semi annual payment on top
All in the last 2-3 years.

Been buying in the 6's,7's,8's,9''s and 10's.
Now in the 11's, but only because I have on drip...
If it breaks below NAV again for no real reason
I will sell off some other and buy more till I get my numbers right.
Management wants to keep raising the dividend,
so yeah I am on all aboard till something changes.

http://shortvolume.com/

Triple top on chart don't help the over impulsive, uptight analysts that trade these markets and freak out because of an anomaly like that but you gotta go deeper. There is a good reason behind it. THEM!

Yes. Profit taking day before earnings release. People were nervous but they beat by 2 cents and numbers were great. Down on 3 times average volume . Good ridance. Price will come right to the $12 area or more with short squeeze next on the agenda. The analysts telling future shareholders stock is overpriced and should wait for it to drop to the $9.30 area will never see that price and the shorts got suckered into their tough spot they are in now thanks to Zacks and Seeking Alpha's people. Anyone agree or disagree please share your views.

Any one got any idea why the drop today?
Love me some GAIN
think it will be a lot like MAIN before long, a couple more div
raises, and we in serious business.

It’s extra dividend payment time !!!

Great investment so far. Love the monthly dividend.

Consider investing here - it isn't as flashy as some stocks that are hit or miss 30 per cent in one day but this is just a solid dividend stock that pays monthly. You won't get rich overnight but I am looking at this to hold long term with the potential of a 20-25 per cent return in a year. Looking at an additional dividend payment coming up as well.

Great earnings

Nov Ex div day and it goes up..always nice...

2 divs in Dec!

Just keep the money machine rolling.
Nice monthly divs, and capital appreciation at the same time.
People are now buying this above NAV.

Wonder how long that lasts, or does anybody think this will move into premium high yield territory like MAIN. CRazy over priced, but it keeps going up, hope that will be GAIN, but buying more on any pull back under $10, not sure I will see that happen anytime soon, and if it doesn't, well I am good with that too.

Here we go over $11 again .. wohoo

Nope too busy with the penny stock casino lol .. played a few today easy $..jbzy tviaq frfl.. and my new shiny penny MSMY get some. I talked to the ceo today and everything is legit and In progress. I think I messaged u about it earlier when it was .01 but it’s still way early to get in get a little piece my friend and hold on

Actually did...high for the day so far is $11.06
Turned off my drip on this for now, see if the price
comes back down anytime soon.
I am hoping for some end of the year selling, so I can do some end of the year buying.

You read the transcripts from the conference call?

Really good stuff, these guys are shooting for being the new MAIN.

We are now PPS above NIL. buying now is paying premium price,
which is good. Nov divy, Dec divy,, and in between is Dec semi annual divy.
Broke $11, pretty nice.
Go GAIN!

Almost broke $11!!

BOOM new 52 week high

Its a penny stock, and I already have money tied up in another penny stock as a spec play in that range. GAIN is an investment vehicle. SPec stocks are another thing entirely, and sub $1 stocks are from an investment, the vast majority are a gamble, they can offer great returns, but also offer great loss.

Stocks aren't a for sure thing, especially in this bubble we are at right now. I've researched a lot of long term charts.. best for a market correction before getting long stocks. In the mean time I'll trade them

" I'm thinking of getting a small cap growth fund.. the compounding interest is higher, I read it could be in the 10% annum "

You could be in AMFE, which you are bashing instead, with a growth out out of this world, and you are saying you might be happy in a fund with a 10% annum return??

I can GUARANTEE you a positive return over 10% in the next year with AMFE, and you don't hvae to do anything during the year but buy tomorrow and hold. IN fact, probability is that it will be WAY way WAY over 10% in the next year, as they keep crushing revenues and starting good earnings and are already DOING the third opening in weeks, plus franchises, plus games, plus gro3, plus more. Not hype based on words and a "potential" good future, but actually already DOING it.

How do you think? You'd be happy with 10%, but you bash a stock that came out with 5.9 million in revenues on Friday for its first quarter, versus 6 million for ALL of last year? The growth is amazing, it is HAPPENING, instead of hype, and you bash it?? Why? It makes no sense!

If you find one that is great let me know. I can't ever find one I like that pays out anywhere near 10% consistently.
I used to have a couple through the work's 401k program, but my own accounts I do not have any. I simply spread money out across different stocks and sectors. I tend to be fairly active trading.
I look for capital growth and use dividend stocks more like a savings account or holding account between trades. My focus over the next few years
is big capital growth. DIvidends for me are more about preserving capital while still getting a decent return and in a few years the provided income they provide once you own enough of them.

Do you own any mutual funds? I'm thinking of getting a small cap growth fund.. the compounding interest is higher, I read it could be in the 10% annum .. could be even higher depending on market conditions.. and my risk would be spread out better instead of putting too much in a few baskets... what do u think?

Ok I see I made it in one for the record date! :)

Yup. Semi Annual extra divs, so 2 per year.
BIg fan, I moved all my holdings in PSEC over to this earlier this year.
Pretty rock solid company.

It was .06 which they raised to .0633 i want to say back in June, and then Oct 10 PR raised to .065, those payments are set through end of year.
SO no, once they announce that is what it is, all div payments are set through end of 2017.



They do plan on continuing to raise but the how much and when, no idea.
They plan on doing it based on quarterly statements and conference call.

Like you this is a long term play for me. compounding over the long term.

So they are increasing the dividend so this next dividend could be significantly higher than .065, correct? I just want to be clear

I'm 31 and want to use this as a 20 year+ investment vehicle for retirement, putting money in every month and letting it ride

Yeah I'm just going to buy more Monday because it might keep going till earnings and then some on earnings release.

Those are the dates and payments for the quarter below.
Odd that is is going up today as the ex div date just happened, usually that is a slight drop. I would be on watch for more news,
will it drop? Man who knows,

As far as where is the bottom?
It was about 9.20-9.30, but with div raise, and upcoming extra div
that might be changing and going up. Honestly if you are in it for the div only, just buy you cant hope for better than a company who raised their divs twice this year and paying out 2 extra divs. Their financials are solid, I would bet they have a great quarter, so if wanting to buy, look for any dip but buy in before the quarterly comes up, because they should be good and that is only going to drive it up more.



Common Stock: $0.065 per share of common stock for each of October, November and December 2017, payable per the table below. The Company has paid 147 consecutive monthly cash distributions on its common stock.

Record Date Payment Date Cash Distribution
October 20 October 31 $0.065
November 20 November 30 $0.065
December 5 December 15 $0.06*
December 19 December 29 $0.065
Total for the Quarter: $0.255

I know I missed it too by one day! Wasn't paying attention..