MCLEAN, Va.--(BUSINESS WIRE)--Gladstone Capital Corp. (NASDAQ:GLAD - News) (the “Company”) today announced earnings for the third quarter ended June 30, 2008. All per share references are per basic and diluted weighted average common shares outstanding, unless otherwise noted.Net Investment Income for the third quarter ended June 30, 2008 was $6.7 million, or $0.32 per share, as compared to $5.7 million, or $0.42 per share, for the third quarter ended June 30, 2007, an increase in total Net Investment Income of 17.5% but a decrease of 23.8% per share. The per share results were impacted by the issuance of new shares in public offerings subsequent to June 30, 2007, while the proceeds of the offerings were not fully invested in income producing investments for the entire quarter ended June 30, 2008.
Net Investment Income for the nine months ended June 30, 2008 was $20.4 million, or $1.06 per share, as compared to $16.6 million, or $1.31 per share, for the nine months ended June 30, 2007, an increase in total Net Investment Income of 22.9% but a decrease of 19.1% per share. The per share results were impacted by the issuance of new shares in public offerings subsequent to June 30, 2007, while the proceeds of the offerings were not fully invested in income producing investments for the entire nine months ended June 30, 2008.
Net Increase in Net Assets Resulting from Operations for the third quarter ended June 30, 2008 was $2.8 million, or $0.13 per share, as compared to $6.0 million, or $0.44 per share, for the third quarter ended June 30, 2007. Net Decrease in Net Assets Resulting from Operations for the nine months ended June 30, 2008 was $7.2 million, or ($0.37) per share, as compared to a Net Increase in Net Assets Resulting from Operations for the nine months ended June 30, 2007 of $14.2 million, or $1.12 per share.
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