MCLEAN, Va., Oct. 8, 2013 /PRNewswire/ -- Gladstone Investment
Corporation (NASDAQ: GAIN) (the "Company") announced today
that its board of directors declared the following monthly cash
distributions and also announced its plan to report earnings for
the second quarter ended September 30,
2013:
(Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONEINVESTMENT
)
Cash Distributions:
Common Stock: $0.06
per share of common stock for each of October, November and
December 2013, payable per Table 1
below.
Table 1: Summary
Table for Common Stock cash distributions:
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Cash
Distribution
|
October 18
|
October 22
|
October 31
|
$ 0.06
|
November
12
|
November
14
|
November
29
|
$ 0.06
|
December
12
|
December
16
|
December
31
|
$ 0.06
|
Total for the
Quarter:
|
$ 0.18
|
Distributions for the quarter ending December 31, 2013 represent a 20% increase from
the distributions declared by the Company for the quarter ended
September 30, 2013. The October 2013 distribution will represent the
100th consecutive monthly distribution the Company has
made since going public in June 2005.
Term Preferred Stock: $0.1484375 per share of the Company's 7.125%
Series A Cumulative Term Preferred Stock ("Term Preferred Stock")
for each of October, November and December
2013, payable per Table 2 below. The Term Preferred Stock
trades on the NASDAQ under the symbol "GAINP."
Table 2: Summary
Table for Term Preferred Stock cash distributions:
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Cash
Distribution
|
October 18
|
October 22
|
October 31
|
$
0.1484375
|
November
12
|
November
14
|
November
29
|
$
0.1484375
|
December
12
|
December
16
|
December
31
|
$
0.1484375
|
Total for the
Quarter:
|
$
0.4453125
|
The Company offers a dividend reinvestment plan (the "DRIP") to
its common stockholders. For more information regarding the DRIP,
please visit www.gladstoneinvestment.com.
Earnings Announcement:
The Company also announced today that it plans to report
earnings after the stock market closes on Monday, October 28, 2013 for the second quarter
ended September 30, 2013. The Company
will hold a conference call on Tuesday,
October 29, 2013, at 8:30 a.m.
EDT to discuss its earnings results. Please call (800)
860-2442 to enter the conference call. An operator will
monitor the call and set a queue for questions.
A conference call replay will be available beginning one hour
after the call and will be accessible through November 29, 2013. To hear the replay,
please dial (877) 344-7529 and use playback conference number
10029738.
The live audio broadcast of the Company's conference call will
be available online at www.gladstoneinvestment.com. The event
will be archived and available for replay on the Company's website
through December 29, 2013.
If you have questions prior to or following the earnings release
you may e-mail them to info@gladstonecompanies.com.
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in small and mid-sized businesses in the
United States in connection with acquisitions, changes in
control and recapitalizations. Information on the business
activities of all the Gladstone
funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
SOURCE Gladstone Investment Corporation