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August 2 , 2021 Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30 , 2021 MCLEAN , VA / ACCESSWIRE / August 2 , 2021 / Gladstone Investment Corporation ( NASDAQ : GAIN ) ( the " Company " ) today announced earnings for its first quarter ended June 30 , 2021. Please read the Company's Quarterly Report on Form 10 - Q , filed today with the U.S. Securities and Exchange Commission ( the " SEC " ) , which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com . Summary Information : ( dollars in thousands , except per share data ( unaudited ) ) June 30 , 2021 March 31 , 2021 For the quarter ended : Total investment income Total expenses , net ( A ) Net investment ( loss ) income ( A ) Net realized gain Net unrealized appreciation Net increase in net assets resulting from operations ( A ) Net investment ( loss ) income per weighted - average common share ( A ) Adjusted net investment income per weighted - average common share ( B ) Net increase in net assets resulting from operations per weighted - average common share ( A ) Cash distribution per common share from net investment income Cash distribution per common share from net realized gains ( C ) Weighted - average yield on interest - bearing investments Total dollars invested Total dollars repaid and collected from sales As of : Total investments , at fair value Fair value , as a percent of cost Net assets Net asset value per common share Number of portfolio companies $ $ $ $ 18,026 20,330 ( 2,304 ) 1,929 47,514 47,139 ( 0.07 ) 0.24 1.42 0.20 0.07 13.8 % 17,150 21,835 $ $ 16,708 13,566 678,594 102.7 % 420,538 $ 12.66 27 3,142 113 17,259 20,514 0.09 0.20 0.62 0.15 GLADSTONE INVESTMENT 0.06 11.9 % 5,701 532 $ $ $ 633,829 $ 95.5 % 382,364 $ 11.52 28 Change 1,318 6,764 ( 5,446 ) 1,816 30,255 26,625 ( 0.16 ) 0.04 0.80 0.05 0.01 1.9 % 11,449 21,303 44,764 7.2 % 38,174 1.14 ( 1 ) % Change NM NM NM 7.9 % 175.3 129.8 49.9 NM 20.0 129.0 33.3 16.7 16.0 % 200.8 7.1 % 7.5 10.0 9.9 ( 3.6 ) A. Inclusive of $ 10.3 million , or $ 0.31 per weighted - average common share , and $ 3.6 million , or $ 0.11 per weighted - average common share , of capital gains - based incentive fees accrued during the three months ended June 30 , 2021 and March 31 , 2021 , respectively . These fees were accrued in accordance with United States