This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Gladstone Capital Corporation Reports Results for the Third Quarter Ended June 30, 2009 2009-08-03 16:31 ET - News Release
* Net Investment Income was $5.4 million or $0.26 per common share
* Net Decrease in Net Assets Resulting from Operations was
($0.8) million or ($0.04) per common share
MCLEAN, Va., Aug. 3, 2009 (GLOBE NEWSWIRE) -- Gladstone Capital Corp. (Nasdaq:GLAD) (the "Company") today announced earnings for the third quarter ended June 30, 2009. All per share references are per basic and diluted weighted average common shares outstanding, unless otherwise noted.
Net Investment Income for the quarter ended June 30, 2009 was $5.4 million, or $0.26 per share, as compared to $6.7 million, or $0.32 per share, for the quarter ended June 30, 2008, a decrease in Net Investment Income of 19% and a decrease of 19% per share. Net Investment Income for the nine months ended June 30, 2009 was $16.9 million, or $0.80 per share, as compared to $20.4 million, or $1.06 per share, for the nine months ended June 30, 2008, a decrease in Net Investment Income of 17% and a decrease of 25% per share. Net Investment Income decreased primarily due to a decline in investment income resulting from the sale of loans during the quarter, lower transaction fees paid by the portfolio companies (which are credited against base management fees) and the amortization of deferred financing fees incurred in connection with the Company's prior and current credit facility subsequent to June 30, 2008. The per-share results were also adversely impacted by the issuance of additional shares in public offerings during the nine months ended June 30, 2008.
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