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Gladstone Investment Corporation (GAIN)

BDC - Debt Focused BDC

Data as of Dec. 9, 2024
Current
Market Price $13.81 (+ $0.08)
NAV (Sept. 30, 2024) $12.49 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 10.57% (+0.64%)
Fund Info
Inception June 23, 2005
Sponsor Gladstone Management
Website http://ir.gladstoneinv...
Phone (703) 287-5893
Location Virginia
Incorporated Delaware
Staggered Board Yes
Term Date N/A
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
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 36,688,667
Total Assets (Reported: Sept. 30, 2024) $868M
Estimated Total Assets $754M
Net Assets $458M
Market Cap $507M
Portfolio Turnover 4.50%
Debt-to-Equity 0.7440
Total Leverage 39.25%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 12.97%
Non Lev Exp Ratio 7.00%
Gross Asset Expense Ratio 7.03%
Gross Asset Non Lev Exp Ratio 3.80%
Rel Lev Cost 8.24%
Discount Data
Average Discount (3 Yr) 5.62%
Discount Low(3 Yr) -12.69%
Discount High(3 Yr) 28.71%
Discount Rel Range (3 Yr) 56.17%
Comp Discount 13.15
Discount St Dev (1Yr) 4.30
Z-Stat
Z-Stat (6mo) 0.88
Z-Stat (1Yr) 0.97
Z-Stat (3Yr) 0.62
Comp Z-Stat (6mo) 0.58
Comp Z-Stat (3Yr) 0.18
Distribution Data
Market Yield 6.95%
Income Yield 3.48%
Lev Adj NAV Yield 5.52%
Av Yield on Debt Investments 14.50
Distribution Frequency M
Current Distribution $0.080
Current Income $0.040
Ex-Date 12/20/24
Payable Date 12/31/24
Div Growth (3yr) 6.67%
Dividend Change 6.7% on 10/12/22
Expected Div 1/14/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 53.2% 61.9%
ST Gains 0% 0%
QDI 7.6% 15.3%
LT Gains 46.8% 38.1%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $2,273
Avg Volume 30 day 119,631
Avg Volume 90 day 164,560
Volume Trend -27.30%
Comp Volume Trend -40.91%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
11.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
13.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
60.0%
Most Correlated Peer (Mk Pr): OCSL 57.0%
Price St Dev (1Yr) 19.5%
NAV St Dev (1Yr) 9.5%
Earnings
Earnings / Share (9/30/24) $0.066
Adj Core NII Coverage 101.41%
1 Yr Avg NII Coverage 99.77%
1 Yr Avg Adj Core NII Coverage 101.66%
NII Trend 27.66%
Adj Core NII Trend -3.80%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.79
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.83
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.98
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.

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