Gladstone Capital Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Dec. 31, 2022

The following table summarizes the base management fee, incentive fee, and loan servicing fee and associated non-contractual, unconditional and irrevocable credits reflected in our accompanying Consolidated Statements of Operations:


	Three Months Ended December 31,
	2022			2021
Average total assets subject to base management fee(A)	$	646,629		$	576,000
Multiplied by prorated annual base management fee of 1.75%	0.4375		%	0.4375		%
Base management fee(B)	$	2,829		$	2,520
Portfolio company fee credit	(404)			(1,869)
Syndicated loan fee credit	(32)			(58)
Net Base Management Fee	$	2,393		$	593
Loan servicing fee(B)	1,874			1,462
Credit to base management fee - loan servicing fee(B)	(1,874)			(1,462)
Net Loan Servicing Fee	$	—		$	—
Incentive fee(B)	2,181			2,091
Incentive fee credit	—			—
Net Incentive Fee	$	2,181		$	2,091
Portfolio company fee credit	(404)			(1,869)
Syndicated loan fee credit	(32)			(58)
Incentive fee credit	—			—
Credits to Fees From Adviser - other(B)	$	(436)		$	(1,927)

(A)Average total assets subject to the base management fee is defined in the Advisory Agreement as total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the two most recently completed quarters within the respective years and adjusted appropriately for any share issuances or repurchases during the period.

(B)Reflected as a line item on our accompanying Consolidated Statements of Operations.

Amounts due to related parties on our accompanying Consolidated Statements of Assets and Liabilities were as follows:


	December 31, 2022		September 30, 2022
Base management fee due to Adviser	$	519	$	(189)
Loan servicing fee due to Adviser	456		423
Incentive fee due to Adviser	2,181		1,870
Total fees due to Adviser	3,156		2,104
Fee due to Administrator	499		423
Total Related Party Fees Due	$	3,655	$	2,527