Gladstone Investment Announces Monthly Cash Distributions for July, August and September, 2016 and First Fiscal Quarter Earni...
July 12 2016 - 4:10PM
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 first fiscal quarter ended June 30, 2016.
Regular Monthly Cash Distributions:
Common Stock: $0.0625 per share of common stock
for each of July, August and September, 2016, payable per Table 1
below. The Company has paid 132 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 |
July
20 |
|
July
22 |
|
August
2 |
|
$ |
0.0625 |
|
August
18 |
|
August
22 |
|
August
31 |
|
$ |
0.0625 |
|
September
19 |
|
September
21 |
|
September
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 July, August
and September, 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 |
July
20 |
|
July
22 |
|
August
2 |
|
$ |
0.1484375 |
|
August
18 |
|
August
22 |
|
August
31 |
|
$ |
0.1484375 |
|
September
19 |
|
September
21 |
|
September
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 July, August
and September, 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 |
July
20 |
|
July
22 |
|
August
2 |
|
$ |
0.140625 |
|
August
18 |
|
August
22 |
|
August
31 |
|
$ |
0.140625 |
|
September
19 |
|
September
21 |
|
September
30 |
|
$ |
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 July, August
and September, 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 |
July
20 |
|
July
22 |
|
August
2 |
|
$ |
0.135417 |
|
August
18 |
|
August
22 |
|
August
31 |
|
$ |
0.135417 |
|
September
19 |
|
September
21 |
|
September
30 |
|
$ |
0.135417 |
|
Total for the Quarter: |
|
$ |
0.406251 |
|
|
|
|
|
|
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, August 1, 2016,
for the first quarter ended June 30, 2016. The Company will hold a
conference call on Tuesday, August 2, 2016 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 September 2,
2016. To hear the replay, please dial (855) 859-2056 and use
playback conference number 29797470.
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 October 2, 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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