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Dec 31, 2022
Gladstone Investment Q3 2023 Earnings Report
Reported earnings for the third fiscal quarter, showing a net increase in net assets resulting from operations.
Key Takeaways
Gladstone Investment Corporation announced earnings for its third fiscal quarter ended December 31, 2022, with a net investment income of $8.6 million, or $0.26 per weighted-average common share. The net asset value per common share increased to $13.43, and the company saw significant portfolio activity and distributions during the quarter.
Net investment income was $8.6 million, or $0.26 per weighted-average common share.
Adjusted net investment income was $10.0 million, or $0.30 per weighted-average common share.
Net asset value per common share increased to $13.43.
The company recapitalized its investment in Old World Christmas, Inc. and invested an additional $15.5 million.
Forward Guidance
In January 2023, the Board of Directors declared monthly and supplemental distributions to common stockholders, totaling $0.480 per share for the quarter.
Positive Outlook
- January 20, 2023: $0.080 distribution per common share
- February 17, 2023: $0.080 distribution per common share
- March 3, 2023: $0.240 supplemental distribution per common share
- March 17, 2023: $0.080 distribution per common share
- Total for the Quarter: $0.480 distribution per common share
Historical Earnings Impact
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Avg. Return Before/After Earnings
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