Gladstone Investment Corporation Underwriters Exercise Their Over-allotment Option
July 14 2005 - 4:31PM
PR Newswire (US)
Gladstone Investment Corporation Underwriters Exercise Their
Over-allotment Option MCLEAN, Va., July 14 /PRNewswire-FirstCall/
-- Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company")
announced today that it has closed on the underwriters'
over-allotment option in connection with its previously announced
initial public offering of 14,400,000 shares of common stock. The
underwriters exercised in full their option to purchase from the
Company an additional 2,160,000 shares of common stock. The
exercise of the over- allotment option brought the total number of
shares sold in the initial public offering to 16,560,000 and
provided the Company with an additional $30,132,000 in net
proceeds. Total net proceeds received by the Company from the
offering are now estimated to be approximately $229.7 million after
underwriting discounts and estimated offering expenses. The
underwriters of the offering were Ferris, Baker Watts,
Incorporated, Jefferies & Company, Inc., RBC Capital Markets,
BB&T Capital Markets, Oppenheimer & Co., Stifel, Nicolaus
& Company, J.J.B. Hilliard, W.L. Lyons, Inc. and Wunderlich
Securities, Inc. The Company's common 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 22102 or by email at . Gladstone Investment Corporation
is an investment company that seeks to make debt and equity
investments in small and mid-sized private businesses in the U.S.
in connection with acquisitions, changes in control and
recapitalizations. 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," "approximately"
"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 Corporation CONTACT: Kelly Sargent, Investor
Relations Manager of Gladstone Investment Corporation,
+1-703-287-5835 Web site: http://www.gladstoneinvestment.com/
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