CMG Financial's Colleen Schofield Honored as 2025 HousingWire Insider
"The HousingWire Insiders are driving forces behind their organizations' success," said Clayton Collins, CEO of HW Media. "These leaders are the architects of operational excellence, transforming strategic vision into tangible results. Reviewing this year's nominees and winners, it's clear that HousingWire Insiders deliver results while elevating their colleagues and teams."
Colleen Schofield is the quiet force behind CMG's operational excellence, consistently driving results through strategic foresight, deep institutional knowledge, and a steadfast commitment to integrity. Over the past year, she has played a crucial role in improving internal workflows, enhancing cross-department collaboration, and maintaining the highest standards of compliance and service - all while empowering those around her to succeed. Her calm, solutions-oriented leadership style brings out the best in her team and builds trust across the organization.
Colleen's influence extends beyond just operations. She brings steady guidance in times of change, sets a high standard through example, and creates an environment where others can grow and succeed. Her leadership and impact continue to shape CMG's success from the inside out.
"Colleen is the kind of leader every organization hopes to have. She's steady, strategic, and completely selfless in her pursuit of excellence," notes Susan Walker, CMG's EVP of Corporate Efficiency. "She doesn't seek the spotlight, but her impact is felt in every corner of CMG."
To read Colleen's feature in HousingWire and learn more about this year's honorees, click here.
About CMG
CMG Mortgage, Inc. NMLS ID# 1820 (www.nmlsconsumeraccess.orghttp://www.cmghomeloans.com ) is a well-capitalized mortgage lender founded in 1993. Founder and CEO, Christopher M. George, was Chairman of the Mortgage Bankers Association in 2019. CMG makes its products and services available to the market through three distinct origination channels including retail lending, wholesale lending, and correspondent lending. CMG currently operates in all states, including the District of Columbia, and holds approvals with FNMA, FHLMC, and GNMA. CMG is widely known throughout the mortgage banking and housing markets for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.
About HousingWire
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets, boasting a readership that spans lending, servicing, investments, and real estate market participants, as well as financial market professionals. With over 10 million annual unique visitors, HousingWire is the community for mortgage and housing professionals to engage and connect. Industry decision-makers rely on us to Move Markets Forward.
Media Contact
Annaugh MadsenPhone: (667) 260-6360Email: amadsen@cmgfi.com
SOURCE: CMG Financial
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Indianapolis Star
an hour ago
- Indianapolis Star
Northern Superior Reports 11.99 g/t Au Over 9.1 Metres Including 101 g/t Au Over 1.0 Metre, and 1.75 g/t Au Over 65.0 Metres Including 3.92 g/t Au Over 17.4 Metres at Philibert
TORONTO, ON / ACCESS Newswire Northern Superior Resources Inc. (' Northern Superior ' or the ' Company ') (TSXV:SUP)(OTCQB:NSUPF)(GR:D9M1) is pleased to announce additional results from its 20,000-metre expansion drilling campaign at the Philibert gold property, located just 9 km from IAMGOLD Corporation's (' IAMGOLD ') Nelligan project and 60 km southwest of Chibougamau, Quebec (the ' Philibert Project ': Northern Superior: 75%, SOQUEM: 25%). Highlights Include: (Grades uncut; lengths are measured along the drill hole. See Table 1 for details.) PB-25-490: 11.99 g/t Au over 9.1 metres, including 101.0 g/t Au over 1.0 metre, starting at 104.5 metres – Corsac Fox Hanging Wall Zone; PB-25-502: 0.73 g/t Au over 46.8 metres, including 1.86 g/t Au over 9.5 metres, starting at 232.7 metres – Corsac Fox Hanging Wall Zone; PB-25-504: 1.83 g/t Au over 18.8 metres, including 3.02 g/t Au over 10.6 metres, starting at 6.7 metres, and 1.75 g/t Au over 65.0 metres, including 3.92 g/t Au over 17.4 metres, starting at 94.5 metres – Arctic Fox Footwall Zone drilled parallel and down dip of mineralization (see Figure 3); and PB-25-505: 1.29 g/t Au over 33.0 metres, including 5.71 g/t Au over 1.7 metres, starting at 9.0 metres – Arctic Fox Footwall Zone drilled parallel and down dip of mineralization. 'Today's results focus on the middle and western extent of the conceptual pit, where we aimed to expand the Corsac Fox Hanging Wall zones. Hole PB-25-490 intersected very high grades near surface, outside of the current conceptual pit, and confirms the opportunity for significant resource expansion in this area. Moreover, drilling has filled in areas previously interpreted as non-mineralized due to sparse historical drilling,' said Simon Marcotte, President and Chief Executive Officer of Northern Superior. 'We are particularly encouraged by PB-25-504 (see Figure 3), which intersected mineralization right at the contact between the bedrock and overburden, just 4.7 metres vertically from surface-demonstrating the near-surface potential of this system. The continued success at the southeast pit, the recent deep high-grade hits, and now this new hanging wall mineralization, all underscore the potential to grow Philibert well beyond the current resource,' he added. 'PB-25-490 stands out with exceptional grade and width in an area where the pit shallows due to sparse historical drilling,' said Adree DeLazzer, Vice President of Exploration for Northern Superior. 'Drillholes such as PB-25-502, which intersected 0.73 g/t over 46.5 metres, confirm strong mineralization continuity with meaningful width. These new intersections, located north of the Red Fox and Arctic Fox Footwall zones along the northern wall of the conceptual pit, continue to support our strategy of growing near-surface ounces along the 4-5 km Philibert trend. New structural and geochemical data are significantly enhancing our understanding of this large and evolving gold system,' she added. Table 1: Significant Drillhole Intersections Grades have not been capped in the averaging and intervals are reported as drill thickness. True widths are estimated at 70% to 90%, except for drill holes marked with '*' which were drilled down dip and parallel to mineralization, with true widths estimated at 40% to 60%. Intersections are determined using 0.3 g/t Au cut-off and no more than 15 metres of consecutive dilution. If an intersection is 1 metre or less, dilution under 0.1 g/t Au may be used to determine a 2-metre intersection. Drilling Results The current drill program tested the Corsac Fox Hanging Wall over a 750-metre strike length where historical drill density was low (see figures 1 and 2). Results from ten drill holes show that the Hanging Wall domains have a different style of mineralization to the well known footwall domain. The Hanging Wall domains are caracterized by a high-grade vein-style gold and broader envelopes near the northern wall of the conceptual pit (see tables 1 and 2). The hanging wall domains show a strong nugget effect compared to the footwall zones, and visible gold is frequently observed. PB-25-490, located approximately 80 metres vertically from surface and 60 metres below the pit shell, intersected 11.99 g/t Au over 9.1 metres including 101.0 g/t Au over 1.0 metre. Another three drill holes tested the area where the conceptual pit shallows to surface over approximately 200 metres. PB-25-492, located 60 metres west of PB-25-490, returned 1.87 g/t Au over 3.3 metres. PB-25-489, situated 90 metres east of PB-25-490, intersected several narrow, higher-grade intervals, including 4.82 g/t Au over 1.5 metres, 2.17 g/t Au over 2.4 metres, and 4.15 g/t Au over 1.2 metres. PB-25-494, drilled 120 metres west of PB-25-490, returned multiple intervals from the hanging wall zones, including 6.54 g/t Au over 1.5 metres, 1.15 g/t Au over 5.7 metres, and 1.15 g/t Au over 6.0 metres. Two drill holes were completed from the same setup approximately 600 metres west of PB-25-490, slightly off the main azimuth, to test the continuity of mineralization within the hanging wall zones in the western portion of the pit. PB-25-502 returned a broad intercept of 0.73 g/t Au over 46.8 metres, including a higher-grade interval of 1.86 g/t Au over 9.5 metres, highlighting strong potential for continuous, near-surface mineralization. PB-25-500 intersected 0.94 g/t Au over 15.5 metres, including 7.67 g/t Au over 1.5 metres, as well as additional higher-grade, narrower intervals such as 7.11 g/t Au over 2.2 metres and 10.68 g/t Au over 1.2 metres. Two drill holes, PB-25-504 and PB-25-505, were completed to test the Arctic Fox Footwall zones down-dip of known mineralization, each drilled at different orientations to collect critical structural data and improve our geological understanding of the system. PB-25-504 intersected multiple broad and high-grade intervals including 18.8 metres grading 1.83 g/t Au from 6.7 metres, with a higher-grade core of 10.6 metres of 3.02 g/t Au. A second major zone returned 65.0 metres of1.75 g/t Au from 94.5 metres depth, including 17.4 metres of 3.92 g/t Au, with sub-intervals such as 4.0 metres of 5.37 g/t Au. PB-25-505 also intersected a broad mineralized zone of 33.0 metres of 1.29 g/t Aufrom9.0 metres, including a higher-grade section of 1.7 metres at 5.71 g/t Au. These holes confirm the presence of continuous and robust mineralization at the bedrock interface in the Arctic Fox Footwall and provide valuable data for refining the deposit's structural model. Less historic work has been completed on the northern hanging wall domains, and the geological model and mineralization controls are currently being investigated using new structural core orientation and geochemical data to further refine the model. The team is developing a follow-up drilling program to further investigate the higher grade near-surface mineralization as well as at depth to increase the ounces in the resource pit and potentially add an underground component to the resource. Table 2: Drillhole Intersections for entire Press Release DDH ID From (m) To (m) Width (m) Au Finale (g/t) and 310.9 313.7 2.8 1.55 Corsac Fox Hanging Wall PB-25-487 54.0 74.2 20.2 0.26 Corsac Fox Hanging Wall including 60.0 64.5 4.5 0.40 Corsac Fox Hanging Wall and 88.2 88.9 0.7 1.58 Corsac Fox Hanging Wall PB-25-489 83.9 85.4 1.5 4.82 Corsac Fox Hanging Wall and 103.6 106.6 3.0 1.53 Corsac Fox Hanging Wall and 135.0 137.4 2.4 2.17 Corsac Fox Hanging Wall including 135.0 135.9 0.9 5.00 Corsac Fox Hanging Wall and 147.3 148.5 1.2 4.15 Corsac Fox Hanging Wall and 157.8 159.3 1.5 1.97 Corsac Fox Hanging Wall and 352.0 362.0 10.0 0.28 Arctic Fox Footwall PB-25-490 49.1 56.0 6.9 0.57 Corsac Fox Hanging Wall and 104.5 113.6 9.1 11.99 Corsac Fox Hanging Wall including 110.0 111.0 1.0 101.00 Corsac Fox Hanging Wall PB-25-492 144.0 147.3 3.3 1.87 Corsac Fox Hanging Wall including 144.8 145.3 0.5 4.84 Corsac Fox Hanging Wall including 146.8 147.3 0.5 4.99 Corsac Fox Hanging Wall PB-25-494 135.1 141.5 6.4 0.40 Corsac Fox Hanging Wall and 149.6 151.1 1.5 6.54 Corsac Fox Hanging Wall and 166.3 172.0 5.7 1.15 Corsac Fox Hanging Wall and 195.0 201.0 6.0 1.15 Corsac Fox Hanging Wall and 386.5 391.6 5.1 0.32 Corsac Fox Hanging Wall and 487.7 498.9 11.2 0.81 Corsac Fox Hanging Wall PB-25-497 182.0 183.0 1.0 1.53 Corsac Fox Hanging Wall and 207.0 210.0 3.0 0.77 Corsac Fox Hanging Wall and 228.4 231.0 2.6 0.67 Corsac Fox Hanging Wall including 230.0 230.5 0.5 2.86 Corsac Fox Hanging Wall and 503.2 513.5 10.3 1.12 Arctic Fox Footwall including 507.2 510.5 3.3 2.67 Arctic Fox Footwall PB-25-499 204.0 205.5 1.5 0.40 Corsac Fox Hanging Wall PB-25-500 232.0 233.5 1.5 2.88 Corsac Fox Hanging Wall and 244.0 259.5 15.5 0.94 Corsac Fox Hanging Wall including 244.0 245.5 1.5 7.67 Corsac Fox Hanging Wall and 285.5 287.7 2.2 7.11 Corsac Fox Hanging Wall including 285.5 286.7 1.2 10.68 Corsac Fox Hanging Wall and 296.7 300.6 3.9 0.56 Corsac Fox Hanging Wall and 338.3 339.8 1.5 0.47 Corsac Fox Hanging Wall and 355.2 374.3 19.1 0.57 Corsac Fox Hanging Wall and 399.8 401.3 1.5 1.74 Corsac Fox Hanging Wall and 441.2 442.6 1.4 0.72 Arctic Fox Footwall and 527.5 529.0 1.5 1.41 Arctic Fox Footwall PB-25-502 232.7 279.5 46.8 0.73 Corsac Fox Hanging Wall including 270.0 279.5 9.5 1.86 Corsac Fox Hanging Wall and 335.0 355.0 20.0 0.46 Corsac Fox Hanging Wall including 335.0 336.0 1.0 3.02 Corsac Fox Hanging Wall and 402.5 416.0 13.5 0.75 Corsac Fox Hanging Wall and 442.5 453.0 10.5 0.41 Corsac Fox Hanging Wall PB-25-504 6.7 25.5 18.8 1.83 Arctic Fox Footwall including 12.4 23.0 10.6 3.02 Arctic Fox Footwall and 64.0 66.0 2.0 1.64 Arctic Fox Footwall and 81.5 83.8 2.3 0.50 Arctic Fox Footwall and 94.5 159.5 65.0 1.75 Arctic Fox Footwall including 101.6 119.0 17.4 3.92 Arctic Fox Footwall including 130.7 133.0 2.3 4.64 Arctic Fox Footwall including 146.3 147.3 1.0 7.81 Arctic Fox Footwall PB-25-505 9.0 42.0 33.0 1.29 Arctic Fox Footwall including 19.9 21.6 1.7 5.71 Arctic Fox Footwall and 66.0 74.9 8.9 0.75 Arctic Fox Footwall Grades have not been capped in the averaging and intervals are reported as drill thickness. True widths are estimated at 70% to 90% except for drill holes marked with '*' which were drilled down dip and parallel to mineralization with true widths at 40% to 60%. Intersections are determined using a 0.3 g/t Au cut-off and no more than 10 metres of consecutive dilution. If an intersection is 1 metre or less, dilution under 0.1 g/t Au may be used to determine a 2-metre intersection. The Chibougamau Gold Camp The Chibougamau Gold Camp is rapidly emerging as one of the world's most sought-after gold destinations with several complementary gold resources reaching viable scale. In recent years, these critical assets were divided amongst five different companies. Today, largely due to Northern Superior's acquisitions and corporate transactions, [1] ownership has been streamlined, with only IAMGOLD and Northern Superior holding these assets. The proximity of these deposits to each other makes them ideally suited to feed a single mill, and their consolidation enhances their viability, thereby increasing their value. Below is a table showing the resources of the camp having been formalized to date. Qualified Person ('QP') The technical content and drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (' NI 43-101 ') and have been reviewed and approved by Ms. Melanie Pichon, Senior Geologist for Northern Superior. Ms. Pichon is a QP under the NI 43-101 and is not considered independent. Northern Superior adheres to strict protocols following the NI 43-101 best practices when conducting exploration works. Sampling and assay results are monitored with strict QAQC protocols. Drilled core is processed and assayed in Northern Superior's facilities in Chapais, Quebec. Core samples (half core) are transported to Agat Laboratory in Val d' are analyzed by fire assay with a 50-gram charge with an Atomic Absorption (AA) finish. Samples returning assay values over 10.0 grams are re-assayed with a gravimetric finish. QAQC consists of 4% of blank material, certified standards and duplicates inserted in the assay sequences by Northern Superior. Corporate Matters On July 28, 2025, the Company entered an agreement with CanaCom Group (' CanaCom '), pursuant to which CanaCom agreed to provide digital content, marketing, and media distribution services to the Company. Pursuant to the terms of the agreement, such marketing services are to be provided over a 12-month period, commencing on August 1, 2025, for a monthly fee of C$7,500, plus applicable taxes. CanaCom is a full-service marketing agency based in Toronto, Ontario. CanaCom provides digital marketing awareness via advertising through its fully owned platform which includes both video and written content coverage of Canadian small-cap companies. CanaCom operates as an arm's length service provider to the Company and is owned by Mr. Jordan Lutz. About Northern Superior Resources Inc. Northern Superior is a gold exploration company focused on the Chibougamau Camp in Québec, Canada. The Company has consolidated the largest land package in the region, with total land holdings currently exceeding 68,000 hectares. The main properties include Philibert, Hazeur (adjacent to Philibert), Lac Surprise, Chevrier, Croteau, Monster Lake East, and Monster Lake West. Northern Superior also owns 56% of ONGold Resources Ltd. (TSXV:ONAU)(OTCQX:ONGRF) which is advancing promising exploration assets in Northern Ontario and Manitoba, including the district scale TPK Project and Monument Bay; Agnico Eagle Mines Limited owns 15% of ONGold Resources Ltd. The Philibert Project is located 9 km from IAMGOLD Corporation's Nelligan [2] Gold project. Philibert hosts a maiden 43-101 inferred resource of 48.46 Mt at 1.10 g/t Au for 7.88 Mt at 1.10 g/t Au for 1,708,800 ounces Au and an indicated resource of 278,900 ounces Au.[ 3] Northern Superior holds a majority stake of 75% in the Philibert Project, with the remaining 25% owned by SOQUEM, and retains an option to acquire the full 100% ownership of the project. Chevrier hosts an inferred mineral resource of 15.7 Mt at 1.30 g/t Au for 652,000 ounces Au (underground and open pit) and an indicated mineral resource of 6.4 Mt at 1.26 g/t Au for 260,000 ounces Au. [4] Croteau hosts an inferred mineral resource of 11.6 Mt at 1.7 g/t Au for 640,000 ounces Au. [5] Lac Surprise hosts the Falcon Zone Discovery, interpreted to be the western strike extension of IAMGOLD Corporation's Nelligan Gold project. Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSXV under the symbol SUP and the OTCQB Venture Market under the symbol NSUPF. For further information, please refer to the Company's website at or the Company's profile on SEDAR+ at About SOQUEM SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery, and development of mining properties in Québec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Québec's mineral wealth, SOQUEM relies on innovation, research, and strategic minerals to be well-positioned for the future. Northern Superior Resources Inc. on Behalf of the Board of Directors Simon Marcotte, CFA, President and Chief Executive Officer Contact Information Katrina Damouni Director – Corporate Development Tel: +44 7795 128583 (Mobile/WhatsApp) info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Note Regarding Forward-Looking Information This news release contains 'forward-looking information' within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release that is not a historical fact may be 'forward-looking information'. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'interpreted', 'management's view', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of the management of Northern Superior, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither party nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Neither party undertakes, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. [1] Including Northern Superior's acquisitions of Genesis Metals Corp. and Royal Fox Gold Inc. [2] ' lAMGOLD Announces Significant Increase in Nelligan Ounces & Update of Global Mineral Reserves and Resources'; IAMGOLD reports increase in mineral reserves and resources at existing assets, with increase in resources at Gosselin; IAMGOLD Corporation News Release dated February 15, 2024, October 23, 2024, and February 20, 2025. Note that the technical and scientific information disclosed from neighboring properties does not apply to any other properties of the area. [3] Northern Superior announces 1,708,809 gold ounces in inferred category and 278,921 gold ounces in indicated category at 1.10 g/t in maiden NI 43-101 pit constrained resource estimate at Philibert; Northern Superior's press release dated August 08, 2023. [4] NI 43-101 Technical Report Mineral Resource Estimation for the Chevrier Main Deposit, Chevrier Project Chibougamau, Quebec, Canada, October 20, 2021, Prepared in accordance with NI 43-101 by Lions Gate Geological Consulting Inc. IOS Services Géoscientifiques Inc. for Northern Superior. [5] Chalice Gold Mines Limited and Northern Superior Resources Inc. Technical Report on the Croteau Est Gold Project, Québec, September 2015, Prepared in accordance with NI 43-101 by Optiro Pty Ltd ('Optiro') to Chalice Gold Mines Limited and Northern Superior. The post Northern Superior Reports 11.99 g/t Au Over 9.1 Metres Including 101 g/t Au Over 1.0 Metre, and 1.75 g/t Au Over 65.0 Metres Including 3.92 g/t Au Over 17.4 Metres at Philibert appeared first on DA80 Hub.
Miami Herald
3 hours ago
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General Atomics Electromagnetic Systems Highlights Its Missile Defense Portfolio at the 2025 Space and Missile Defense Symposium
HUNTSVILLE, AL / ACCESS Newswire / August 4, 2025 / General Atomics Electromagnetic Systems (GA-EMS) returns to the Space and Missile Defense Symposium to highlight its missile defense solutions supporting Golden Dome, a layered missile defense architecture designed to protect the nation from a range of advanced missile threats including hypersonic, ballistic and cruise missiles, as well as other airborne threats. GA-EMS will showcase the designs for their Bullseye™ missile and Long-Range Maneuvering Projectile (LRMP), with a 1:1 scale model and 1:2 scale model in their booth. The company has accelerated integration and testing of its missile defense technologies to demonstrate advanced capabilities and move rapidly toward field deployment. "Our LRMP aligns with dynamic defense requirements for improved long-range precision strikes and minimizes operational uncertainty by integrating into existing artillery systems," said Scott Forney, president of GA-EMS. "The next phase of full-system testing will validate the projectile's performance across complex scenarios and ensure seamless integration with missile defense frameworks." Bullseye is a Technology Readiness Level (TRL) 8 missile system that shares 80% of its components with combat-proven TRL 9 missile systems, fully validated through successful real-world operations. Attendees visiting Booth #531 will engage directly with GA-EMS experts to explore system designs and planned field-testing initiatives for both LRMP and Bullseye. GA-EMS will also feature its portfolio of laser weapon systems, hypersonics and sensor payloads for missile defense and tracking-offering greater flexibility and capability to support both offensive and defensive missions. About General Atomics Electromagnetic Systems General Atomics Electromagnetic Systems (GA-EMS) develops innovative technologies to create breakthrough solutions supporting operational environments from undersea to space. From electromagnetic, power generation and energy storage systems and space systems and satellites, to hypersonic, missile defense, and laser weapon systems, GA-EMS offers an expanding portfolio of capabilities for defense, government, and national security customers. GA-EMS also provides commercial products and services targeting hazardous waste remediation, oil and gas, and nuclear energy industries. For further information, visit Contact Information General Atomics Electromagnetic Systems Media Relations Media Relationsems-mediarelations@ SOURCE: General Atomics Electromagnetic Systems press release
Miami Herald
3 hours ago
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Gladstone Capital Corporation Reports Financial Results for its Third Quarter Ended June 30, 2025
MCLEAN, VA / ACCESS Newswire / August 4, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its third quarter ended June 30, 2025. Please read the Company's Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at and the Investors section of the Company's website at Summary Information (dollars in thousands, except per share data) (unaudited): NM - not meaningful Third Fiscal Quarter 2025 Highlights: Portfolio Activity: Invested $58.6 million in two new portfolio companies and $14.4 million in existing portfolio Mix: Secured first lien assets continue to be over 70% of our debt investments, at Facility: Increased the total commitment to $320.0 million and extended the revolving period end date to October 2027 and the final maturity to October 2029. Third Fiscal Quarter 2025 Results: Total investment income increased by $88 thousand, or 0.4%, for the quarter ended June 30, 2025, compared to the prior quarter ended March 31, 2025, driven primarily by a $0.6 million increase in other income, quarter over quarter, partially offset by a $0.5 million decrease in interest income. The increase in other income was driven by higher prepayment fees and dividend income compared to the prior quarter. Interest income decreased by $0.5 million, or 2.3%, quarter over quarter. The primary reason for the decrease was a decrease in the weighted average principal balance of our interest-bearing investment portfolio to $647.2 million during the quarter ended June 30, 2025 as compared to $682.6 million during the quarter ended March 31, 2025. Total expenses were unchanged quarter over quarter. A decrease of $0.6 million in interest expense quarter over quarter was offset by a $0.5 million increase in the net base management and net incentive fees driven primarily by a reduction in the incentive fee credit quarter over quarter partially offset by higher investment banking fee credits to the base management fee from increased deal originations. Net investment income for the quarter ended June 30, 2025 was $11.3 million, or $0.50 per share. The net increase in net assets resulting from operations was $7.4 million, or $0.33 per share, for the quarter ended June 30, 2025, compared to $8.8 million, or $0.39 per share, for the quarter ended March 31, 2025. The current quarter increase in net assets resulting from operations was primarily driven by $11.3 million of net investment income, partially offset by $3.6 million of net realized loss recognized during the quarter. Subsequent Events: Subsequent to June 30, 2025, the following significant events occurred: Portfolio Activity:In July 2025, our $3.7 million debt investment in 8th Avenue Food and Provisions, Inc. paid off at July 2025, we invested $25.0 million in MASSiv Brands, LLC through secured first lien July 2025, we invested $15.0 million in Alsay, Inc. through secured second lien debt and preferred July 2025, we invested $23.7 million in Snif-Snax, LLC through secured first lien debt and preferred July 2025, we invested $13.0 million in a precision manufacturing business through secured first lien debt and common equity. We also extended this business a $4.0 million secured first lien line of credit commitment, which was unfunded at August 2025, we invested an additional $16.6 million in OCI, LLC, an existing portfolio company, through secured first lien debt and common and Dividends Declared:In July 2025, our Board of Directors declared the following distributions to common and preferred stockholders: Comments from Gladstone Capital's President, Bob Marcotte: "Over the past two quarters we have absorbed much of the anticipated surge in portfolio liquidity events and ended last quarter with a strong balance sheet and funding capacity. The underlying strength of our lower middle market deal focus was evident in the robust subsequent events fundings we reported and we are well on our way to growing the company's investment portfolio to support shareholder distributions in the coming quarters." Conference Call for Stockholders: The Company will hold its earnings release conference call on Tuesday, August 5, 2025, at 8:30 a.m. Eastern Time. Please call (866) 424-3437 to enter the conference call. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through August 12, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13754182. The replay of the conference call will be available beginning approximately one hour after the call concludes. The live audio broadcast of the Company's quarterly conference call will also be available online at The event will be archived and available for replay on the investors section of the Company's website. About Gladstone Capital Corporation: Gladstone Capital Corporation is a publicly-traded business development company that invests in debt and equity securities, consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. Information on the business activities of Gladstone Capital and the other publicly-traded Gladstone funds can be found at To obtain a paper copy of the Company's most recent Form 10-Q, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company's Form 10-Q for the quarter ended June 30, 2025, including the notes to the consolidated financial statements contained therein. Investor Relations Inquiries: Please visit or (703) 287-5893. Forward-looking Statements: The statements in this press release about future growth and shareholder returns are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on our current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in our filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law. SOURCE: Gladstone Capital Corporation
