Gladstone Investment Corporation Declares Dividend on Common Shares, Series D Term and E Term Preferred Stock for Each of January, February and March 2019, Payable on January 31, 2019, February 28, 2019 and March 29, 2019
January 08, 2019 at 04:21 pm EST
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Gladstone Investment Corporation announced that its board of directors declared cash distributions of $0.068 cash distribution per common share for each of January, February and March 2019. Payable on January 31, 2019, February 28, 2019 and March 29, 2019 with record date of January 18, 2019, February 20, 2019 and March 20, 2019 respectively.
The board of directors declared $0.13020833 per share of the Company's 6.25% Series D Cumulative Term Preferred Stock, $0.1328125 per share of the Company's 6.375% Series E Cumulative Term Preferred Stock for each of January, February and March 2019. The dividend is payable on January 31, 2019, February 28, 2019 and March 29, 2019 with record date of January 18, 2019, February 20, 2019 and March 20, 2019 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 Declares Dividend on Common Shares, Series D Term and E Term Preferred Stock for Each of January, February and March 2019, Payable on January 31, 2019, February 28, 2019 and March 29, 2019