Gladstone Investment Announces Monthly Distributions for July, August and September of $0.08 per Common Share
July 09 2008 - 1:39PM
Business Wire
Gladstone Investment Corp. (NASDAQ:GAIN) (the �Company�) announced
today that the Board of Directors declared monthly distributions of
$0.08 per common share for each of the months of July, August and
September of 2008. Monthly distributions will be payable as set at
in the table below. The monthly distributions equate to a quarterly
distribution of $0.24 and an annual distribution of $0.96 at the
current rate. Gladstone Investment offers a Dividend Reinvestment
Plan (DRIP). For more information regarding the DRIP, please visit
our website at www.GladstoneInvestment.com. Summary Table for
Common Stock Distributions for the Quarter Ending September 30,
2008: Declared � X-Date � Record Date � Payment Date � Amount July
9 � July 21 � July 23 � July 31 � $0.08 July 9 � August 19 � August
21 � August 29 � $0.08 July 9 � September 18 � September 22 �
September 30 � $0.08 Total for the Quarter: $0.24 In addition,
preliminary analysis of the value of the portfolio shows the
portfolio had a slight decrease in value of 1.8% for the quarter
ended June 30, 2008. The final numbers will be reported in our 10Q
report in August 2008. In order to comply with the requirements of
Section 19(a) of the Investment Company Act of 1940, as amended,
the Company will post a Section 19(a) notice through the Depository
Trust Company�s Legal Notice System (LENS) and send out to its
registered shareholders a Section 19(a) notice along with the
payment of dividends declared for the months of July, August and
September. This notice will not be for tax reporting purposes and
will be provided only for informational purposes. Gladstone
Investment Corporation is an investment company that seeks to
achieve returns of current income from senior, subordinated and
mezzanine debt, and capital gains from preferred stock and warrants
to purchase common stock in connection with buyouts and
recapitalizations of small and mid-sized companies. For more
information please visit our website at
www.GladstoneInvestment.com. For further information contact
Investor Relations at 703-287-5835. This press release may include
statements that may constitute �forward-looking statements,�
including statements with regard to the future performance of the
Company. Words such as �believes,� �expects,� �estimated,�
�projects,� �seeks,� 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� in the Company�s Prospectus dated January
14, 2008, as filed with the Securities and Exchange Commission on
March 24, 2008. We caution readers not to place undue reliance on
any such forward-looking statements, which speak only as of the
date made. 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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