Gladstone Investment Announces Monthly Cash Distributions for January, February and March, 2016 and Third Fiscal Quarter Earn...
January 12 2016 - 4:05PM
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 third fiscal quarter ended December 31, 2015.
Regular Monthly Cash Distributions:
Common Stock: $0.0625 per share of common stock
for each of January, February, and March, 2016, payable per Table 1
below. The Company has paid 126 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 |
January
20 |
January
22 |
February
2 |
$ |
0.0625 |
|
February
16 |
February
18 |
February
29 |
$ |
0.0625 |
|
March
17 |
March
21 |
March
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 January,
February, and March, 2016, 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 |
January
20 |
January
22 |
February
2 |
$ |
0.1484375 |
|
February
16 |
February
18 |
February
29 |
$ |
0.1484375 |
|
March
17 |
March
21 |
March
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 January,
February, and March, 2016, 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 |
January
20 |
January
22 |
February
2 |
$ |
0.140625 |
|
February
16 |
February
18 |
February
29 |
$ |
0.140625 |
|
March
17 |
March
21 |
March
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 January,
February, and March, 2016, 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 |
January
20 |
January
22 |
February
2 |
$ |
0.135417 |
|
February
16 |
February
18 |
February
29 |
$ |
0.135417 |
|
March
17 |
March
21 |
March
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, February 3,
2016, for the third quarter ended December 31, 2015. The Company
will hold a conference call on Thursday, February 4, 2016 at 8:30
a.m. EST 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 March 4, 2016.
To hear the replay, please dial (855) 859-2056 and use playback
conference number 61212829.
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 April 4, 2016.
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.
For further information: Gladstone Investment Corporation,
+1-703-287-5893
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