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I think I will stick around a little longer and enjoy the Cap appreciation.
For the 3rd QTR
Net Investment Income (NII) - $6.0M or $0.18/SHR
Total investments, at fair value - $607,024.00M vs $665,117M (2ndQTR)
Net assets $411,399 vs $403,574 (2ndQTR)
3 exits resulted in a Net realized gain of $76.8M
2 added investments totaled $53.3M
NAV increased marginally - 1.9% or $0.23 from $12.30 to $12.53.
At current share price of $11.00 that make for a discount to NAV of %12.20%
For additional information see their announcement:
https://finance.yahoo.com/news/gladstone-investment-corporation-reports-financial-210500445.html
Looks like the drop in NII is as a result of several exits and one account (SOG) placed on non-accrual.
Underlying the decrease in NII is a significant increase in unrealized appreciation and in net assets.
NAV increased 6.3% or $0.73 from $11.57 to $12.30.
At current share price of $10.61 that make for a discount to NAV of %13.74%
Management,(David G,. etal.) demonstrated a conviction in the business and support for the current dividend plus supplemental
.It looks like to me that their will be a negative response this morning in share price and it might be a good opportunity to increase position.