Gladstone Investment Corporation (NASDAQ:GAIN) Q2 2020 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 08:30 am ET


Gladstone Investment Corporation (NASDAQ:GAIN) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Gladstone Investment Corporation's Second Quarter Earnings Call. [Operator Instructions]

I would now like to hand the conference over to your speaker, David Gladstone. Please go ahead, sir.

David J. Gladstone

Well, thank you, Sidney. Nice introduction. This is David Gladstone, Chairman of the Gladstone Investment. And this is the quarterly earnings conference call for the quarter ending September 30, 2019. And this is for shareholders and analysts, and like to ask questions at the end of this, the common stocks traded on NASDAQ under the symbol GAIN. Thank you all for calling in. We're always happy to provide an update to our shareholders and the analysts that follow us, providing our view of the current business environment. Our goal is to help you understand what's happened and then give you a view of the future.

We have changed these calls, as many of you know, we used to do a lot of history, but we've excluded most of the history of this Company and the detailed discussion of how the Company is different from other BDCs and we seek to do capital gains and income, not just income. So hope you like this streamlined reporting method that we're going through. And now we'll hear from our General Counsel and Secretary, Michael LiCalsi.

Michael LiCalsi

Good morning, everyone. Today's call may include forward-looking statements under the Securities Act of 1933 and Securities Exchange Act of 1934 including those regarding our future performance. These forward-looking statements involve certain risks and uncertainties and other factors, even though they're based on our current plans, which we believe to be reasonable and many factors may cause our actual results to be materially different from any future results expressed or implied by these forward-looking statements including all risk factors listed on our Forms 10-Q, 10-K and other documents that we filed with the SEC.

You can find them all on our website or even on the SEC's website, which is Now the Company undertakes no obligation to publicly update or revise any of these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. Please also note that past performance or market information is not a guarantee of any future results.

We ask you to take the opportunity to visit our website once again You can sign up for our email notification service. You can also find us on Twitter, that's @GladstoneComps; and on Facebook, keyword there is, The Gladstone Companies.

As a reminder, today's call is simply an overview of our results through September 30, 2019. So we ask that you review our press release and Form 10-Q, both issued yesterday for more detailed information.

With that, I'll turn the presentation over to Julia Ryan, she's Gladstone Investment's Chief Financial Officer. Julia?

Julia Ryan

Good morning, everyone. While Dave is on vacation, I will provide an update on our business and outlook. We are pleased to again report solid operating