Gladstone Investment Corporation reported strong third-quarter results with adjusted net investment income (NII) of $0.21 per share and total assets growing to approximately $1.2 billion, highlighting continued portfolio expansion and resilience in a competitive M&A environment.
- Achieved adjusted NII of $0.21 per share, supporting a monthly distribution of $0.08.
- Total assets increased by $92 million, driven by new buyout investments and significant appreciation of the existing portfolio.
- Invested $163 million in four new portfolio companies during the fiscal year, exceeding previous fiscal year investment levels.
- Maintained a strong pipeline for acquisitions and focused on add-on opportunities to enhance existing investments.
- Portfolio net asset value rose significantly, backed by strong performance from most portfolio companies despite macroeconomic challenges.
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