Gladstone Investment Corporation announced earnings for its first quarter ended June 30, 2022. Net investment income was $7.4 million, or $0.22 per weighted-average common share. Total investment income was $19.3 million, and total expenses were $11.9 million.
Exited investment in Bassett Creek Services, Inc., resulting in success fee income of $3.0 million and a realized gain on preferred equity of $4.7 million.
Invested $21.0 million in Dema/Mai Holdings, Inc. in the form of preferred equity.
Invested an additional $6.4 million in Nocturne Villa Rentals, Inc.
Paid $0.075 per common share to common stockholders in each of April, May, and June 2022, and paid a $0.12 per common share supplemental distribution in June 2022.
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