MCLEAN, Va., Jan. 14, 2020 (GLOBE NEWSWIRE) — 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.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.”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.”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 Corporation
For further information: Gladstone Investment Corporation, +1-703-287-5893
Bay Street News