Strong Fiscal Year Performance
Gladstone Investment Corporation reported adjusted net investment income (NII) of $0.97 per share for the fiscal year, covering the $0.96 per share annual dividend. The total fair value of the portfolio increased to $979 million, up from $921 million at the prior year end.
Successful Exits and Realized Gains
The company successfully exited one of its portfolio companies, generating significant realized capital gains of $19.8 million.
Increased Investment Activity
For the year, Gladstone invested $221 million, up from $184 million in the prior year, including investments in four new portfolio companies.
Supplemental Distributions
Supplemental distributions of $1.66 per share were paid during the fiscal year, with an additional $0.54 per share declared post year-end.
Strong Investment Income Growth
Total investment income reached $93.7 million, up from $87.3 million in the prior year, driven by an increase in dividend and success fee income.
Strong Liquidity Position
Gladstone issued $126.5 million of publicly traded notes and completed an upsize of its credit facility to $270 million, with $214 million available.