Gladstone Investment Corporation Announces Common Stock Offering
March 09 2015 - 4:15PM
Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company")
today announced that it plans to sell 3,000,000 shares of common
stock in an underwritten public offering. The Company also plans to
grant the underwriters a 30-day option to purchase additional
shares of common stock on the same terms and conditions solely to
cover over-allotments, if any. Janney Montgomery Scott LLC,
BB&T Capital Markets, a division of BB&T Securities, LLC,
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE MKT: LTS), and Wunderlich
Securities, Inc. are serving as the offering's joint book-running
managers, and J.J.B. Hilliard, W.L. Lyons, LLC and Maxim Group LLC
are serving as co-managers.
The Company intends to use the net proceeds from this offering
to repay outstanding borrowings under its revolving credit
facility.
Investors are advised to carefully consider the
investment objectives, risks and charges and expenses of the
Company before investing. The preliminary prospectus supplement,
dated today, and the accompanying prospectus, dated September 4,
2014, which have been filed with the Securities and Exchange
Commission, contain this and other information about the Company
and should be read carefully before investing.
The offering is being conducted as a public offering under the
Company's effective shelf registration filed with the Securities
and Exchange Commission (File No. 333-181879).
To obtain a copy of the preliminary prospectus
supplement for this offering and the accompanying prospectus,
please contact: Janney Montgomery Scott LLC, 60 State Street,
Boston, MA 02109, Attention: Equity Capital Markets Group
or
prospectus@janney.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
About Gladstone Investment Corporation:
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in small and medium-sized businesses in the United States in
connection with acquisitions, changes in control and
recapitalizations. The Company has paid 116 consecutive monthly
cash distributions on its common stock. Information on the business
activities of all the Gladstone funds can be found at
www.gladstonecompanies.com.
CONTACT: Investor Relations Inquiries: Please call +1-703-287-5893
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