Gladstone Investment Reports Strong Q3 Earnings, Portfolio Growth, and Increased Net Asset Value

Gladstone Investment reported a strong Q3 performance with adjusted net investment income of $0.21 per share and total assets of $1.2 billion. The company invested $163 million across four new portfolio companies, and its strategy involves becoming the majority economic owner while financing acquisitions with a mix of equity and debt. Total investment income was $25.1 million, slightly below the previous quarter, and the weighted average principal balance of interest-bearing investments rose to $699 million.