Gladstone Investment Announces Monthly Cash Distributions for October, November and December, 2015 and Second Fiscal Quarter ...
October 14 2015 - 4:53PM
Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company")
announced today that on October 13, 2015, its board of directors
declared the following monthly cash distributions and also
announced its plan to report earnings for the second fiscal quarter
ended September 30, 2015.
Regular Monthly Cash Distributions:
Common Stock: $0.0625 per share of common stock
for each of October, November and December, 2015, payable per Table
1 below. The Company has paid 123 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 |
October 22 |
October 26 |
November 4 |
$0.0625 |
November 13 |
November 17 |
November 30 |
$0.0625 |
December 16 |
December 18 |
December 31 |
$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 October,
November and December, 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 |
October 22 |
October 26 |
November 4 |
$0.1484375 |
November 13 |
November 17 |
November 30 |
$0.1484375 |
December 16 |
December 18 |
December 31 |
$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 October,
November and December, 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 |
October 22 |
October 26 |
November 4 |
$0.140625 |
November 13 |
November 17 |
November 30 |
$0.140625 |
December 16 |
December 18 |
December 31 |
$0.140625 |
Total for the
Quarter: |
$0.421875 |
Series C Term Preferred Stock: $0.135417 per
share of the Company's 6.50% Series C Cumulative Term Preferred
Stock ("Series C Term Preferred Stock") for each of October,
November and December, 2015, payable per Table 4 below. The Series
C Term Preferred Stock trades on the NASDAQ under the symbol
"GAINN."
Table 4: Summary Table for
Series C Term Preferred Stock cash distributions: |
Ex-Dividend
Date |
Record
Date |
Payment
Date |
Cash
Distribution |
October 22 |
October 26 |
November 4 |
$0.135417 |
November 13 |
November 17 |
November 30 |
$0.135417 |
December 16 |
December 18 |
December 31 |
$0.135417 |
Total for the
Quarter: |
$0.406250 |
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 Wednesday, October 28,
2015, for the second quarter ended September 30, 2015. The Company
will hold a conference call on Thursday, October 29, 2015, at 8:30
a.m. EDT to discuss its earnings results. Please call (855)
376-7516 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, 2015. To
hear the replay, please dial (855) 859-2056 and use playback
conference number 61206065.
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, 2015.
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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