Gladstone Capital Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. The company reported total interest income of $9.3 million for the quarter ended December 31, 2011 compared to $7.8 million a year ago. Net investment income for the quarter ended December 31, 2011 was $4.4 million, or $0.21 per share, as compared to $4.6 million, or $0.22 per share, for the prior year period, a decrease in Net Investment Income of 4.7%. The decrease in net investment income was largely due to an increase in interest and dividend expense for the three months ended December 31, 2011 of a combined $1.7 million, partially offset by an increase in interest income of $1.5 million compared to the first quarter of fiscal 2011. Net realized loss on investments was $8.2 million. Net loss on investments and borrowings was $5.7 million compared to $2.5 million a year ago. Net decrease in net assets resulting from operations was $1.3 million or $0.06 per basic and diluted share compared to net increase in net assets resulting from operations of $2.1 million or $0.10 per basic and diluted share a year ago. Net asset value was $9.90 per share as of December 31, 2011, as compared to $10.16 per share as of September 30, 2011.