Gladstone Investment Corporation Announces Cash Distributions on Common Stock and Preferred Stocks for the Months of January, February and March 2017, Payable on January 31, 2017, February 28, 2017 and March 31, 2017, Respectively
January 10, 2017 at 09:05 pm
Share
Gladstone Investment Corporation announced that its board of directors declared monthly cash distributions of $0.0625 per share of common stock for each of January, February and March 2017, payable on January 31, 2017, February 28, 2017 and March 31, 2017, respectively to the shareholders of record at January 20, 2017, February 16, 2017 and March 22, 2017 respectively. Ex-dividend dates are January 18, 2017, February 14, 2017 and March 20, 2017 respectively.
The company also declared a $0.140625 per share of the company's 6.75% Series B Cumulative Term Preferred Stock for each of January, February and March 2017, payable on January 31, 2017, February 28, 2017 and March 31, 2017, respectively to the shareholders of record at January 20, 2017, February 16, 2017 and March 22, 2017 respectively. Ex-dividend dates are January 18, 2017, February 14, 2017 and March 20, 2017 respectively.
The company declared a $0.135417 per share of the company's 6.50% Series C Cumulative Term Preferred Stock for each of January, February and March 2017, payable on January 31, 2017, February 28, 2017 and March 31, 2017, respectively to the shareholders of record at January 20, 2017, February 16, 2017 and March 22, 2017 respectively. Ex-dividend dates are January 18, 2017, February 14, 2017 and March 20, 2017 respectively.
The company also declared a $0.13020833 per share of the company's 6.25% Series D Cumulative Term Preferred Stock for each of January, February and March 2017, payable on January 31, 2017, February 28, 2017 and March 31, 2017, respectively to the shareholders of record at January 20, 2017, February 16, 2017 and March 22, 2017 respectively. Ex-dividend dates are January 18, 2017, February 14, 2017 and March 20, 2017 respectively.
Gladstone Investment Corporation is a business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States. The Company operates as an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses, generally in combination with the aforementioned debt securities, that it believe can grow over time to permit them to sell its equity investments for capital gains. Its investment advisor is Gladstone Management Corporation.
Gladstone Investment Corporation Announces Cash Distributions on Common Stock and Preferred Stocks for the Months of January, February and March 2017, Payable on January 31, 2017, February 28, 2017 and March 31, 2017, Respectively