GSC Investment Corp. said that most of the gain was due to unrealized appreciation in its net assets, which ended the quarter at $3.80 per share, down from $6.91 per share in the previous quarter. The large decline in net asset value was due to a stock dividend distribution paid out on December 31, 2009.
GSC Investment Corp. had an investment portfolio worth $103.3 million at the end of the third fiscal quarter. This portfolio was composed of investments in 29 portfolio companies and one collateralized loan fund. The company made no new investments during the quarter and received $5.7 million from the liquidations of investments.
GSC Investment Corp. is a business development company that invests in leveraged loans and other debt issued by small to mid size companies based in the United States.