GLADSTONE INVESTMENT CORPORATION\DE (GAINZ) SEC Filings

Gladstone Investment Corporation reported first fiscal quarter results for the period ended June 30, 2026. Net investment income was $15.9 million, or $0.40 per weighted-average common share, compared with a net investment loss in the prior quarter, driven mainly by sharply lower capital gains-based incentive fee accruals and higher investment income. Total investment income was $28.4 million, up 12.6% quarter over quarter.

Adjusted net investment income, which excludes capital gains-based incentive fees, was $10.4 million, or $0.26 per share, compared with $0.20 in the prior quarter. Net asset value per common share declined to $16.24 from $16.78, reflecting $18.8 million of net unrealized depreciation, $9.0 million of net realized losses and $0.24 per share of quarterly cash distributions, partially offset by net investment income. Investments at fair value were $1.28 billion across 29 portfolio companies; debt investments carried a 12.9% weighted-average yield.

During the quarter, Gladstone Investment restructured a loan to Home Concepts Acquisition, Inc., realizing a $9.0 million loss, entered into a definitive agreement to acquire Extrude Hone LLC, repaid $127.9 million of 5.00% notes due 2026, and amended its credit facility to extend maturity to June 8, 2031 and increase capacity to $405.0 million. Subsequent to quarter end, it invested $56.5 million in DHE Computer Systems Acquisition, Inc. and $5.1 million in Global GRAB Technologies, Inc., and its board declared monthly common distributions of $0.08 per share for July, August and September 2026.

Gladstone Investment Corporation convened its 2026 Annual Meeting of Stockholders virtually on August 6, 2026, but did not have enough shares present or represented by proxy to constitute a quorum, so no business was conducted and the meeting was adjourned.

The adjourned meeting will reconvene virtually on September 4, 2026 at 11:00 a.m. Eastern Time to vote on the same proposals described in the proxy statement filed on June 18, 2026. The close of business on June 10, 2026 remains the record date, previously submitted proxies remain valid unless revoked, and the company will continue soliciting proxies. Proxy materials remain unchanged and available via the SEC website.

Gladstone Investment Corporation, a BDC, reported for the quarter ended June 30, 2026 total investment income of $28,355 thousand, up from $23,544 thousand a year earlier. Net investment income rose to $15,927 thousand, or $0.40 per share, versus $9,088 thousand, or $0.25 per share.

Despite higher income, the company recorded a net decrease in net assets from operations of $11,855 thousand, or $(0.30) per share, reflecting a $9,000 thousand realized loss from restructuring the Home Concepts Acquisition, Inc. loan and $18,782 thousand of net unrealized depreciation, for total net realized and unrealized losses of $27,782 thousand. Net assets declined to $646,813 thousand and NAV per share to $16.24, from $668,225 thousand and $16.78 at March 31, 2026.

The investment portfolio totaled $1,282,020 thousand at fair value across 29 portfolio companies, with debt representing 70.6% of cost and equity 29.4%. Non-accrual loans to B+T Group Acquisition, Diligent Delivery Systems and Edge Adhesives had an aggregate cost of $40.3 million and fair value of $12.2 million. Borrowings were $570,835 thousand, including $157,600 thousand on the revolving credit line. Net cash provided by operating activities was $8,063 thousand, and common stockholders received cash distributions of $0.24 per share from net investment income.

Gladstone Investment Corporation has called its 2026 Annual Meeting for August 6, 2026, to be held entirely online. Stockholders of record as of June 10, 2026, when 39,821,967 common shares were outstanding, may vote.

Stockholders will vote on electing two directors, Michela A. English and Anthony W. Parker, to terms running until the 2029 meeting, and on authorizing the company, with subsequent Board approval, to issue and sell common stock for 12 months at prices below net asset value per share, subject to a per-sale cap of 25% of then-outstanding shares. The proxy explains potential dilution from below-NAV offerings and why the Board believes this flexibility could help fund new investments.

Gladstone Investment Corporation (GAIN) director George Stelljes III filed an amended Form 3, which is an update to his initial statement of beneficial ownership as a company insider. The amendment reports his status as a director and confirms there are no buy, sell, or other share transactions disclosed in this filing.

Gladstone Investment Corporation filed an initial Form 3 for director George Stelljes III, formally registering him as a reporting person for the company’s securities. The filing lists no equity or derivative transactions, with all buy, sell, and exercise share counts reported as zero.

Gladstone Investment Corporation appointed George “Chip” Stelljes, III to its Board of Directors, effective June 1, 2026. He joins the 2028 class of directors as an independent director, with his term running until the company’s 2028 annual meeting of stockholders.

The board expanded from seven to eight members in connection with his appointment. Stelljes has also been named to the Compensation Committee, the Ethics, Nominating and Corporate Governance Committee, and the Valuation Committee. He will receive pro-rated compensation under the company’s standard program for independent directors.

The company noted there are no related-party arrangements or transactions involving Stelljes that require disclosure under Regulation S-K Item 404(a). A press release announcing his election was issued on June 2, 2026 and furnished as an exhibit.

Gladstone Investment Corporation (GAIN) Chief Financial Officer Ritchie Taylor reported multiple open-market purchases of the company’s Common Stock. On May 15, 18, and 19, 2026, he bought a total of 915 shares in four transactions: 450 shares at $16.50, 150 shares at $16.29, 160 shares at $16.15, and 155 shares at $16.10 per share. Following these purchases, one reported entry shows direct ownership of 2,812.23 shares of Common Stock. A footnote explains that one of the reported prices is a weighted average for shares purchased in multiple trades within a narrow price range.

Gladstone Investment Corporation, an externally managed business development company, reports an investment portfolio with fair value of $1,309,248 (in thousands) as of March 31, 2026. The portfolio is 70.8% debt and 29.2% equity at cost, focused on lower middle market U.S. businesses.

Investments span 29 portfolio companies across 16 industries and are concentrated in machinery, services, and aerospace and defense. The five largest holdings total $582.6 million, or 44.5% of portfolio fair value. The U.S. South represents 49.6% of portfolio fair value.

The company remains a BDC and regulated investment company, targeting 70% debt and 30% equity over time, and uses a 2.0% base management fee plus incentive fees for its adviser. Asset coverage on senior indebtedness was 213.8%, above the 150% regulatory minimum, and management highlights risks from market conditions, interest rates, and illiquidity of private investments.