Gladstone Investment Corporation Completes its Initial Public Offering and Begins Trading on NASDAQ Under the Symbol: GAIN
June 28 2005 - 12:20PM
PR Newswire (US)
Gladstone Investment Corporation Completes its Initial Public
Offering and Begins Trading on NASDAQ Under the Symbol: GAIN
MCLEAN, Va., June 28 /PRNewswire-FirstCall/ -- Gladstone Investment
Corporation (NASDAQ:GAIN) (the "Company") today announced that it
sold 14,400,000 shares of its common stock in an initial public
offering at a price of $15.00 per share on Wednesday, June 22,
2005. Ferris, Baker Watts was the retail book runner and Jefferies
& Company, Inc. acted as the institutional book runner. RBC
Capital Markets, BB&T Capital Markets, Oppenheimer & Co.,
Stifel, Nicolaus & Company, J.J.B. Hilliard. W.L. Lyons, Inc
and Wunderlich Securities, Inc. were co-underwriters of the
offering. The stock began trading June 23 on NASDAQ under the
ticker "GAIN." The final prospectus related to the offering is
available on the Company's website, listed under Securities and
Exchange Commission's filings at
http://www.gladstoneinvestment.com/secfilings.htm. A prospectus may
also be obtained through the SEC website at http://www.sec.gov/. A
paper copy may be obtained by writing to Gladstone Management
Corporation, Investor Relations, 1521 Westbranch Drive, Suite 200,
McLean, VA 22210 or by email at . Gladstone Investment Corporation
is an investment company that seeks to make equity-type investments
in small and mid-sized private businesses in the U.S. For more
information please visit our website at
http://www.gladstoneinvestment.com/. This press release may include
statements that may constitute "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, including statements with regard to the future performance
of the Company. Words such as "believes," "expects," "projects" and
"future" or similar expressions are intended to identify
forward-looking statements. These forward-looking statements
inherently involve certain risks and uncertainties, although they
are based on the Company's current plans that are believed to be
reasonable as of the date of this press release. Factors that may
cause the Company's actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by such forward- looking statements include, among others,
those factors listed under the caption "Risk factors" of the
Company's Prospectus, as filed with the Securities and Exchange
Commission on May 22, 2005. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
CONTACT: Kelly Sargent of Gladstone Investment Corporation,
+1-703-287-5835, . DATASOURCE: Gladstone Investment Corporation
CONTACT: Kelly Sargent of Gladstone Investment Corporation,
+1-703-287-5835, Web site: http://www.gladstoneinvestment.com/
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