Gladstone Investment Announces Increase in Cash Distributions to Common Stockholders, Monthly Cash Distributions for January,...
January 14 2020 - 4:30PM
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,
increasing distributions to common stockholders by approximately
3%. The Company also announced its plan to report earnings for the
third fiscal quarter ended December 31, 2019.
Common Stock: $0.07 per share of common stock
for each of January, February, and March 2020, payable per the
table below. The Company has paid 174 consecutive monthly cash
distributions on its common stock.
Record Date |
Payment Date |
Cash Distribution |
January 24 |
January 31 |
$0.07 |
February 19 |
February 28 |
$0.07 |
March 20 |
March 31 |
$0.07 |
Total for the Quarter: |
$0.21 |
|
|
|
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 January,
February, and March 2020, 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 |
January 24 |
January 31 |
$0.13020833 |
February 19 |
February 28 |
$0.13020833 |
March 20 |
March 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 January,
February, and March 2020, 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 |
January 24 |
January 31 |
$0.1328125 |
February 19 |
February 28 |
$0.1328125 |
March 20 |
March 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.
The Company also announced today that it plans to report
earnings after the stock market closes on Tuesday, February 4,
2020, for the third quarter ended December 31, 2019. The Company
will hold a conference call on Wednesday, February 5, 2020 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 February 12, 2020. To
hear the replay, please dial (855) 859-2056 and use playback
conference number 2571289.
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 April 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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