Gladstone Investment Corporation reported a net investment income of $5.3 million, or $0.15 per weighted-average common share, for the quarter ended March 31, 2024. Total investment income was $23.6 million and net asset value per common share was $13.43.
Recognized a $14.7 million realized loss on investments in The Mountain Corporation due to its liquidation.
Paid $0.08 per common share to common stockholders in each of January, February, and March 2024.
Sold 1,336,713 shares of common stock under the ATM program, raising approximately $18.9 million in net proceeds.
Amended the credit facility, increasing the size from $135.0 million to $200.0 million.
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