Gladstone Investment Announces Cash Distributions for July, August, and September 2017 and First Fiscal Quarter Earnings Rele...
July 11 2017 - 4:10PM
Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”)
announced today that its board of directors declared the following
monthly cash distributions and also announced its plan to report
earnings for the first fiscal quarter ended June 30, 2017.
Common Stock: $0.064 per share of common stock
for each of July, August, and September 2017, payable per the table
below. The Company has paid 144 consecutive monthly cash
distributions on its common stock.
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
|
Cash Distribution |
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.064 |
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.064 |
September 18 |
|
September 20 |
|
September 29 |
|
$ |
0.064 |
Total for the Quarter: |
$ |
0.192 |
Series B Term Preferred Stock: $0.140625 per
share of the Company’s 6.75% Series B Cumulative Term Preferred
Stock (“Series B Term Preferred Stock”) for each of July, August,
and September 2017, payable per the table below. The Series B Term
Preferred Stock trades on the NASDAQ under the symbol “GAINO.”
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
|
Cash Distribution |
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.140625 |
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.140625 |
September 18 |
|
September 20 |
|
September 29 |
|
$ |
0.140625 |
Total for the Quarter: |
$ |
0.421875 |
Series C Term Preferred Stock: $0.135417 per
share of the Company’s 6.50% Series C Cumulative Term Preferred
Stock (“Series C Term Preferred Stock”) for each of July, August,
and September 2017, payable per the table below. The Series C Term
Preferred Stock trades on the NASDAQ under the symbol “GAINN.”
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
|
Cash Distribution |
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.135417 |
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.135417 |
September 18 |
|
September 20 |
|
September 29 |
|
$ |
0.135417 |
Total for the Quarter: |
$ |
0.406251 |
Series D Term Preferred Stock: $0.13020833 per
share of the Company’s 6.25% Series D Cumulative Term Preferred
Stock (“Series D Term Preferred Stock”) for each of July, August,
and September 2017, payable per the table below. The Series D Term
Preferred Stock trades on the NASDAQ under the symbol “GAINM.”
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
|
Cash Distribution |
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.13020833 |
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.13020833 |
September 18 |
|
September 20 |
|
September 29 |
|
$ |
0.13020833 |
Total for the Quarter: |
$ |
0.39062499 |
The Company offers a dividend reinvestment plan
(the “DRIP”) to its common stockholders. For more information
regarding the DRIP, please visit www.gladstoneinvestment.com.
Earnings Announcement:
The Company also announced today that it plans to report
earnings after the stock market closes on Tuesday, August 1, 2017,
for the first quarter ended June 30, 2017. The Company will hold a
conference call on Wednesday, August 2, 2017 at 8:30 a.m. EDT to
discuss its earnings results. Please call (855) 376-7516 to
enter the conference call. An operator will monitor the call
and set a queue for questions.
A conference call replay will be available beginning one hour
after the call and will be accessible through September 2,
2017. To hear the replay, please dial (855) 859-2056 and use
playback conference number 54415702.
The live audio broadcast of the Company’s conference call will
be available online at www.gladstoneinvestment.com. The event will
also be archived and available for replay on the Company’s website
through October 2, 2017.
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in lower middle market businesses in the United States in
connection with acquisitions, changes in control and
recapitalizations. Information on the business activities of all
the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
For further information: Gladstone Investment Corporation, +1-703-287-5893
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