Gladstone Investment Corporation (NASDAQ:GAIN) Q4 2023 Earnings Call Transcript

Rachael Easton: Sure, absolutely. I can take that one. The other income this quarter that we saw so, I was taking a step back, that line item is going to be a little bit volatile quarter-over-quarter and a little challenging to compare. So this quarter, what we really saw were prepayments of success fees from our portfolio companies. This is going to be compared to last quarter if you’re looking at it. We had a pretty large dividend recap amount from Old World.

Bryce Rowe: Okay. Okay. And those prepayments of success fees are those – you’ve got pretty good line of sight in terms of some potential, exits here in the next fiscal year?

Rachael Easton: So they’re not necessarily indicative of future exits. It is just that our portfolio companies sometimes from time-to-time will prepay those exits fees or success fees to us.

Bryce Rowe: Okay. Okay. Thank you very much for taking the questions.

David Gladstone: Thanks, Bryce.

Rachael Easton: Thank you.

David Gladstone: Are there questions, Latanya?

Operator: There are no further questions in queue. I would like to turn the call back over to Mr. David Gladstone for closing comments.

David Gladstone: All right. Thank you very much for those two questions. They were very nice. We wish there were many more, but I guess we’ll just have to wait till next quarter. To get a whole slew of questions about what’s going on in the world, not that we have the answers, but we like doing the answering of our feelings. But that’s the end of this call. We thank you all – that’s the end, Latanya.

Operator: Thank you. This does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a great day.