Financial Performance - Net Investment Income (NII) per share was $0.50[7] - Net Asset Value (NAV) per share increased to $21.51, a rise of $0.33 from the previous quarter[7] - The company declared monthly dividends of $0.165 per share, resulting in an annualized dividend yield on NAV of 9.21%[7] - The portfolio's weighted average yield decreased to 13.1% from 14% due to lower SOFR rates[7, 20] - Net investment income for the quarter increased by $0.3 million, or 2.5%, to $11.2 million[20] Portfolio Composition and Activity - Total investments at fair value amounted to $799.5 million, spread across 51 companies[7] - 73% of the portfolio is in first-lien loans, and 89% is in secured loans[7] - The average investment per obligor is $16.0 million, representing 2% of the investment portfolio at fair value[7] - New investments during the quarter totaled $151.6 million, while exits and prepayments reached $165.2 million, resulting in net originations of ($13.7) million[20] - Four obligors are on non-accrual, representing $28.5 million or 4.0% of debt investments at fair value[7, 20] Leverage and Liquidity - Outstanding debt balance was $316 million, with a quarter-end debt-to-equity ratio of 0.68x[7] - Current investment capacity stands at $207 million under undrawn committed bank lines[7]

Investor Presentation for the Fiscal Quarter Ended June 30, 2024 FINANCING FOR LOWER MIDDLE MARKET COMPANIES Gladstone Capital Overview Background: Legal Disclaimer Forward-Looking Statements: This presentation may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include comments with respect to our objectives and strategies, and the result ...

Portfolio Overview - Gladstone Capital's portfolio reached $750 million in fair value, diversified across 51 companies and 12 industries as of December 31, 2023[11, 43] - The investment portfolio is conservatively structured, with 90% in secured loans and 73% in lower-risk 1st lien loans[11, 34] - The weighted average leverage across the core proprietary loan portfolio is approximately 40x EBITDA[11, 34, 44] - The portfolio generates an attractive weighted average yield of 139% and supports an annual cash distribution of $099 per share[11] Financial Performance - New investments totaled $58 million during the quarter, including $47 million in add-on investments to existing portfolio companies[31] - Net originations for the quarter were strong at $36 million[31, 35] - Net investment income (NII) for the quarter increased 86% to $119 million, or $0274 per share, covering the current recurring common stock distribution by over 110%[34] - Total assets increased to $7666 million, with $750 million in investments at fair value as of December 31, 2023[58] Strategy and Market Dynamics - Gladstone Capital targets companies with $3-25 million in EBITDA and investments of $8-40 million[10, 24] - Approximately 78% of the portfolio is backed by private equity sponsors as of December 31, 2023[24] - Over 90% of private debt funds raised exceed $1 billion and are managed by firms focused on larger borrowers (>$25 million EBITDA)[30]

Investor Presentation for the Fiscal Quarter Ended December 31, 2022 FINANCING FOR LOWER MIDDLE MARKET COMPANIES Legal Disclaimer Forward-Looking Statements: This presentation may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include comments with respect to our objectives and strategies, and the results of our operations and our busines ...