Gladstone Investment Announces Monthly Cash Distributions for October, November and December 2019, a Supplemental Distributio...
October 08 2019 - 4:05PM
Gladstone Investment Corporation (NASDAQ: GAIN) (the “Company”)
announced today that its board of directors declared the following
monthly cash distributions to preferred and common stockholders.
The Company also announced its plan to report earnings for the
second fiscal quarter ended September 30, 2019.
The Company will also pay a supplemental distribution of $0.09
per share to holders of its common stock in December 2019. In this
regard, the Company currently anticipates paying semi-annual,
supplemental distributions each fiscal year that include
undistributed net capital gains, but may also be made from
undistributed net investment income, which the Company anticipates
it will continue to generate in the future. The Board of Directors
will evaluate the amount and timing of additional, semi-annual,
supplemental distributions in future periods.
Common Stock: $0.068 per share of common stock
for each of October, November and December 2019, payable per the
table below. The Company has paid 171 consecutive monthly cash
distributions on its common stock.
Record Date |
Payment Date |
Cash Distribution |
October 22 |
October 31 |
$ 0.068 |
November 19 |
November 29 |
$ 0.068 |
December 3 |
December 13 |
$ 0.09* |
December 19 |
December 31 |
$ 0.068 |
Total for the Quarter: |
$ 0.294 |
*Denotes supplemental distribution to common
stockholders
Series D Term Preferred Stock: $0.13020833 per
share of the Company’s 6.25% Series D Cumulative Term Preferred
Stock (“Series D Term Preferred Stock”) for each of October,
November and December 2019, payable per the table below. The Series
D Term Preferred Stock trades on the NASDAQ under the symbol
“GAINM.”
Record Date |
Payment Date |
Cash Distribution |
October 22 |
October 31 |
$ 0.13020833 |
November 19 |
November 29 |
$ 0.13020833 |
December 19 |
December 31 |
$ 0.13020833 |
Total for the Quarter: |
$ 0.39062499 |
Series E Term Preferred Stock: $0.1328125 per
share of the Company’s 6.375% Series E Cumulative Term Preferred
Stock (“Series E Term Preferred Stock”) for each of October,
November and December 2019, payable per the table below. The Series
E Term Preferred Stock trades on the NASDAQ under the symbol
“GAINL.”
Record Date |
Payment Date |
Cash Distribution |
October 22 |
October 31 |
$ 0.1328125 |
November 19 |
November 29 |
$ 0.1328125 |
December 19 |
December 31 |
$ 0.1328125 |
Total for the Quarter: |
$ 0.3984375 |
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, November 4, 2019,
for the second quarter ended September 30, 2019. The Company will
hold a conference call on Tuesday, November 5, 2019 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 November 12, 2019. To
hear the replay, please dial (855) 859-2056 and use playback
conference number 8878206.
The live audio broadcast of the Company’s conference call will
be available online at www.gladstoneinvestment.com. The event will
also be archived and available for replay on the Company’s website
through January 5, 2020.
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make secured debt and equity
investments in lower middle market 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.
Source: Gladstone Investment CorporationFor further information:
Gladstone Investment Corporation, +1-703-287-5893
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