Gladstone Investment Corporation Reports Q3 EPS of $.34

Gladstone Investment Corporation GAIN today announced earnings for the third quarter ended December 31, 2010. Net Investment Income for the quarters ended December 31, 2010 and 2009 was $7.6 million, or $0.34 per share, and $3.1 million, or $0.14 per share, respectively, an increase in Net Investment Income of 147.0%. The increase in Net Investment Income was primarily driven by income recognized during the current quarter from the sale of one of the Company's portfolio companies, Chase II Holding Corp., which was partially offset by lower interest income resulting from a reduction in the size of the Company's investment portfolio prior to September 30, 2010.