Gladstone Investment Announces Monthly Cash Dividends for January, February and March of $0.07 per Common Share
January 10 2006 - 5:25PM
Business Wire
Gladstone Investment Corp. (Nasdaq:GAIN) (the "Company") announced
today that the Board of Directors declared its cash dividends of
$0.07 per common share for each of the months of January, February
and March of 2006. Monthly dividends will be payable on January 31,
2006, February 28, 2006 and March 31, 2006, to those shareholders
of record for those dates on January 19, 2006, February 20, 2006
and March 23, 2006, respectively. This represents a 75% increase in
the monthly dividend of $0.04 per common share paid for the months
of October, November and December 2005. Gladstone Investment offers
a Dividend Reinvestment Plan (DRIP). For more information regarding
the DRIP, please visit our website at www.GladstoneInvestment.com.
The Company estimates the 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 31, 2006. -0- *T Summary Table for the fourth
quarter of fiscal year 2006: Declared X-Dividend Record Date
Payment Date Amount -------------- -------------- --------------
-------------- ---------- January 10 January 17 January 19 January
31 $0.07 -------------- -------------- --------------
-------------- ---------- January 10 February 16 February 20
February 28 $0.07 -------------- -------------- --------------
-------------- ---------- January 10 March 21 March 23 March 31
$0.07 -------------- -------------- -------------- --------------
---------- Total for the Quarter Ending March 31, 2006: $0.21
----------------------------------------------------------------------
*T 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 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," "estimated,"
"estimates," "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.
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