Gladstone Investment Corporation announced earnings for its fourth quarter and fiscal year ended March 31, 2022. Net investment income for the quarter ended March 31, 2022 was $6.7 million, or $0.20 per weighted-average common share. Total investment income during the quarters ended March 31, 2022 was $19.2 million.
Invested an aggregate of $8.2 million in various existing portfolio companies through secured first lien debt, secured second lien debt and preferred equity.
Received aggregate repayments of $4.5 million of secured first lien and secured second lien debt.
Entered into a new $26.0 million secured first lien term loan with J.R. Hobbs, replacing our previously outstanding first lien term loan with a total cost basis of $36.0 million, which resulted in a realized loss of $10.0 million.
Paid $0.075 per common share to common stockholders in each of January, February, and March 2022; and Paid a $0.12 per common share supplemental distribution to common stockholders in February 2022.
In April 2022, our Board of Directors declared the following monthly and supplemental distributions to common stockholders: Record Date Payment Date Distribution per Common Share April 22, 2022 April 29, 2022 $0.075 May 20, 2022 May 31, 2022 0.075 June 6, 2022 June 15, 2022 0.120 (A) June 22, 2022 June 30, 2022 0.075 Total for the Quarter: $0.345 (A) (A)Represents a supplemental distribution to common stockholders.
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