Gladstone Investment Announced its Monthly Cash Dividends for July, August and September of 2005 of $0.02 Per Common Share
July 07 2005 - 4:55PM
PR Newswire (US)
Gladstone Investment Announced its Monthly Cash Dividends for July,
August and September of 2005 of $0.02 Per Common Share McLEAN, Va.,
July 7 /PRNewswire-FirstCall/ -- Gladstone Investment Corp.
(NASDAQ:GAIN) (the "Company") announced today that the Board of
Directors declared its initial cash dividends of $0.02 per common
share for each of the months of July, August and September of 2005.
Monthly dividends will be payable on July 29, 2005, August 31,
2005, and September 30, 2005, to shareholders of record for those
dates on July 21, 2005, August 23, 2005 and September 22, 2005,
respectively. This dividend declaration is the first for Gladstone
Investment since it began trading on June 22, 2005. The Company
provides the estimated tax characteristics of its dividend on a
quarterly basis and those estimates are subject to
recharacterization. The current dividend is estimated to be a
distribution of ordinary income. The actual tax characteristics
will be reported to each shareholder on Form 1099 for the year
ending December 2005. Summary Table for the second quarter of 2005:
Declared X-Dividend Record Date Payment Date Amount July 7 July 19
July 21 July 29 $0.02 July 7 August 19 August 23 August 31 $0.02
July 7 September 20 September 22 September 30 $0.02 Total for the
Quarter Ending September 30, 2005: $0.06 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/ . For further information
contact our Investor Relations Manager, Kelly Sargent at
703-287-5835. 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," "estimated," "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 Registration Statement on Form N-2, as filed with the
Securities and Exchange Commission on June 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. DATASOURCE: Gladstone Investment Corp.
CONTACT: Kelly Sargent, Investor Relations Manager, of Gladstone
Investment Corp., +1-703-287-5835 Web site:
http://www.gladstoneinvestment.com/
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