CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Gladstone Investment Corporation (GAIN)

BDC - Debt Focused BDC

Data as of Oct. 21, 2021
Current
Market Price $15.15 (+ $0.04)
NAV (June 30, 2021) $12.66 ( $0.00)
Premium / Discount 19.67% (+0.32%)
Fund Info
Inception June 23, 2005
Sponsor Gladstone Management
Website http://ir.gladstoneinv...
Phone (703) 287-5893
Location Virginia
Incorporated Delaware
Staggered Board Yes
Objective: Current income and capital gains through investing in debt and equity securities of established private businesses operating in the United States.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
Capital & Leverage
Outstanding Shares 33,205,023
Total Assets (Reported: June 30, 2021) $713M
Estimated Total Assets $667M
Net Assets $420M
Market Cap $503M
Portfolio Turnover 10.45%
Debt-to-Equity 0.6263
Total Leverage 36.93%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 20.62%
Non Lev Exp Ratio 16.30%
Gross Asset Expense Ratio 11.40%
Gross Asset Non Lev Exp Ratio 9.01%
Rel Lev Cost 6.47%
Discount Data
Average Discount (3 Yr) -1.79%
Discount Low(3 Yr) -47.96%
Discount High(3 Yr) 28.30%
Discount Rel Range 88.68%
Comp Discount 14.58
Discount St Dev (1Yr) 12.57
Z-Stat
Z-Stat (6mo) 0.47
Z-Stat (1Yr) 0.89
Z-Stat (3Yr) 1.56
Comp Z-Stat (6mo) -0.19
Comp Z-Stat (3Yr) 0.57
Distribution Data
Market Yield 5.94%
Income Yield 4.34%
Lev Adj NAV Yield 5.19%
Av Yield on Debt Investments 13.80
Distribution Frequency M
Current Distribution $0.075
Current Income $0.055
Ex-Date 10/21/21
Payable Date 10/29/21
Div Growth (3yr) 10.29%
Dividend Change 7.1% on 10/12/21
Expected Div 12/14/21
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2020 2018 - 2020
Income 93.9% 80.9%
ST Gains 0% 0%
QDI 0% 15.4%
LT Gains 6.1% 19.1%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $1,567
Avg Volume 30 day 101,167
Avg Volume 90 day 103,434
Volume Trend -2.19%
Comp Volume Trend -0.30%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
76.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
79.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
88.0%
Most Correlated Peer (Mk Pr): GLAD 83.0%
Price St Dev (1Yr) 20.5%
NAV St Dev (1Yr) 10.8%
Earnings
Earnings / Share (6/30/21) $-0.023
Adj Core NII Coverage 107.16%
1 Yr Avg NII Coverage 41.09%
1 Yr Avg Adj Core NII Coverage 98.80%
NII Trend -92.11%
Adj Core NII Trend 14.80%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
1.57
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.12
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.92
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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