Earnings ·
Gladstone Capital Corporation reported financial results for its third fiscal quarter ended June 30, 2026
GLADGladstone Capital Corp
Gladstone Capital Corporation reported financial results for its third fiscal quarter ended June 30, 2026. Net investment income was $11.0 million ($0.49 per share), a 7.0% decrease from the prior quarter, driven by lower other income and higher interest expenses offset by increased net interest income. The company closed on a $60.0 million issuance of 7% notes due December 2029, expanding its bank line availability to over $170 million. Net asset value per share rose 0.7% to $21.50. In July 2026, the Board declared three monthly common stock distributions of $0.15 each and preferred distributions of $0.130208 each for the quarter ending September 30, 2026. The company is a publicly-traded business development company that invests in debt and equity securities primarily consisting of secured first and second lien term loans to lower middle market businesses.