Gladstone Investment Announces Monthly Cash Distributions for April, May and June, 2015
April 14 2015 - 4:15PM
Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company")
announced today that its board of directors declared the following
monthly cash distributions:
Regular Monthly Cash Distributions:
Common Stock: $0.0625 per share of common stock
for each of April, May and June, 2015, payable per Table 1 below.
This new monthly distribution per share is an increase of $0.0025,
and greater than 4%, per share over the previous run rate of
$0.0600 per share. The Company has paid 117 consecutive monthly
cash distributions on its common stock.
Table 1: Summary Table for
Common Stock cash distributions: |
Ex-Dividend
Date |
Record
Date |
Payment
Date |
Cash
Distribution |
April 22 |
April 24 |
May 5 |
$0.0625 |
May 15 |
May 19 |
May 29 |
$0.0625 |
June 17 |
June 19 |
June 30 |
$0.0625 |
Total for the
Quarter: |
$0.1875 |
Series A Term Preferred Stock: $0.1484375 per
share of the Company's 7.125% Series A Cumulative Term Preferred
Stock ("Series A Term Preferred Stock") for each of April, May and
June, 2015, payable per Table 2 below. The Term Preferred Stock
trades on the NASDAQ under the symbol "GAINP."
Table 2: Summary Table for
Series A Term Preferred Stock cash distributions: |
Ex-Dividend
Date |
Record
Date |
Payment
Date |
Cash
Distribution |
April 22 |
April 24 |
May 5 |
$0.1484375 |
May 15 |
May 19 |
May 29 |
$0.1484375 |
June 17 |
June 19 |
June 30 |
$0.1484375 |
Total for the
Quarter: |
$0.4453125 |
Series B Term Preferred Stock: $0.140625 per
share of the Company's 6.75% Series B Cumulative Term Preferred
Stock ("Series B Term Preferred Stock") for each of April, May and
June, 2015, payable per Table 3 below. The Series B Term Preferred
Stock trades on the NASDAQ under the symbol "GAINO."
Table 3: Summary Table for
Series B Term Preferred Stock cash distributions: |
Ex-Dividend
Date |
Record
Date |
Payment
Date |
Cash
Distribution |
April 22 |
April 24 |
May 5 |
$0.140625 |
May 15 |
May 19 |
May 29 |
$0.140625 |
June 17 |
June 19 |
June 30 |
$0.140625 |
Total for the
Quarter: |
$0.421875 |
The Company offers a dividend reinvestment plan (the "DRIP") to
its common stockholders. For more information regarding the DRIP,
please visit www.gladstoneinvestment.com.
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.
CONTACT: For further information:
Gladstone Investment Corporation, +1-703-287-5893
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