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Gladstone Investment Corporation (NASDAQ: GAIN) delivers flexible capital solutions to lower middle market businesses through secured debt and equity investments. This news hub provides investors with essential updates about this business development company's strategic activities and market position.
Access real-time announcements including earnings reports, portfolio company developments, and strategic investments. Our curated collection serves as your primary source for understanding GAIN's approach to generating shareholder value through monthly dividends and long-term capital appreciation.
Find detailed coverage of acquisition strategies, debt financing arrangements, and management partnerships across diverse sectors like defense contracting and property services. Regular updates include regulatory filings, dividend declarations, and operational milestones that impact GAIN's performance in the BDC sector.
Bookmark this page for streamlined access to verified financial updates and analysis. Check back frequently for the latest information about Gladstone Investment's unique position in providing patient capital to mature U.S. businesses seeking growth financing solutions.
Gladstone Investment Corporation (Nasdaq: GAIN) reported its third fiscal quarter earnings for the period ending December 31, 2022. Total investment income increased by 3.8% to $21.6 million, driven by a rise in interest income, while total expenses rose significantly by 38.9% to $13 million, primarily due to higher accruals for capital gains-based incentive fees. Net investment income dropped by 24.9% to $8.6 million, or $0.26 per share. However, cash distributions increased by 57.1% to $0.22 per share. The net asset value per share rose slightly to $13.43. Notable portfolio activities included substantial new investments and a second lien loan arrangement.
Gladstone Investment Corporation (Nasdaq: GAIN) has announced its earnings call for the third fiscal quarter ended December 31, 2022. The call is scheduled for February 2, 2023, at 8:30 a.m. EST, and will be conducted via webcast. It can be accessed at this link. A replay will be available starting one hour after the call, accessible until February 9, 2023, by calling (877) 660-6853. The company, a publicly traded business development firm, specializes in secured debt and equity investments targeting lower middle-market businesses in the U.S.
Gladstone Investment Corporation (Nasdaq: GAIN) has declared monthly cash distributions for common stockholders, amounting to $0.08 per share for January, February, and March 2023, alongside a supplemental distribution of $0.24 per share in March. The total distribution for the quarter will be $0.48 per share. The Company plans to report its third fiscal quarter earnings on February 1, 2023, followed by a conference call on February 2, 2023. These distributions reflect the Company's commitment to returning value to shareholders amid ongoing financial assessments.
Gladstone Investment Corporation (Nasdaq: GAIN) reported its Q2 earnings for the period ending September 30, 2022. Total investment income rose by 7.8% to $20.8 million, driven by increased interest income. Net investment income surged 54.9% to $11.4 million, or $0.34 per share. Total expenses decreased by 21.4% to $9.4 million. However, net realized gains fell 48.3%, resulting in a $3.1 million net increase in assets from operations. The net asset value per share declined slightly to $13.31. The board declared increased monthly distributions of $0.08 per share starting October 2022.
Gladstone Investment Corporation (Nasdaq: GAIN) has scheduled its Second Fiscal Quarter Earnings Call for November 2, 2022, at 8:30 a.m. ET. This event will detail financial performance for the quarter ending September 30, 2022, and will be available via webcast. Interested participants can join the call by logging in or by calling (866) 373-3416. A replay will be accessible starting one hour after the live event and will remain available until November 9, 2022. For more information, visit the company's website.
Gladstone Investment Corporation announced the election of Paula Novara to its Board of Directors for the 2024 class, effective October 11, 2022. Novara, who has been with the company since its inception, currently serves as Head of Resource Management, Human Resources, Facilities & Office Management, and IT. She brings extensive experience from prior roles, including Assistant Vice President of Human Resources at WMF Group and consulting for Prudential Financial. The company believes her expertise will enhance board diversity.
Gladstone Investment Corporation (Nasdaq: GAIN) has declared cash distributions of $0.08 per share for October, November, and December 2022, along with a supplemental distribution of $0.12 per share in December. Total distributions for the quarter amount to $0.36 per share. Earnings for the second fiscal quarter ending September 30, 2022, will be reported on November 1, 2022, with a conference call scheduled for November 2, 2022, at 8:30 a.m. ET. The company offers a dividend reinvestment plan (DRIP) for stockholders.
Gladstone Investment Corporation (Nasdaq: GAIN) announced its first-quarter earnings for the period ending June 30, 2022. Total investment income reached $19.3 million, a slight increase from $19.2 million in the previous quarter. Net investment income rose 9.5% to $7.4 million, translating to $0.22 per share. Total expenses decreased 4.7% to $11.9 million. The company reported net realized gains of $4.5 million and a net increase in assets from operations at $12.0 million. Cash distribution per share from net investment income dropped significantly to $0.10 from $0.32.
Gladstone Investment Corporation (NASDAQ: GAIN) has announced its First Fiscal Quarter Earnings Call for the quarter ending June 30, 2022. The event is scheduled for Thursday, August 4, 2022, at 8:30 a.m. EDT and will be accessible via webcast or by phone at (866) 373-3416. A replay of the call will be available for listening starting one hour after the event, lasting until August 11, 2022. The corporation focuses on secured debt and equity investments in lower middle market businesses in the U.S.
Gladstone Investment Corporation (Nasdaq: GAIN) declared cash distributions of $0.075 per share for July, August, and September 2022, totaling $0.225 for the quarter. Record dates are July 22, August 23, and September 22, with payment dates on July 29, August 31, and September 30, 2022. The company plans to report its first fiscal quarter earnings on August 3, 2022, with a conference call scheduled for August 4, 2022, at 8:30 a.m. EDT. Investors can participate in the call or access a replay until August 11, 2022.
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