MCLEAN, Va., Oct. 1, 2012 /PRNewswire/ -- Gladstone
Investment Corporation (NASDAQ: GAIN) (the "Company") today
announced that it plans to sell 4,000,000 shares of common stock in
an underwritten public offering. The Company also plans to grant
the underwriters a 30-day option to purchase additional shares of
common stock on the same terms and conditions. Jefferies &
Company, Inc. is serving as the sole book-running manager for the
offering, Janney Montgomery Scott LLC is serving as joint lead
manager, and J.J.B. Hilliard,
W.L. Lyons, LLC, Ladenburg Thalmann
& Co. Inc. and Wunderlich Securities, Inc. are serving as
co-managers.
(Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONEINVESTMENT
)
The Company intends to use the net proceeds from this offering
to repay existing short-term debt under its revolving credit
facility and then to make investments in small- and mid-sized
businesses in accordance with its investment objectives, with any
remaining proceeds to be used for general corporate purposes.
Investors are advised to carefully consider the investment
objectives, risks and charges and expenses of the Company before
investing. The preliminary prospectus supplement, dated
October 1, 2012, and the accompanying
prospectus, dated July 26, 2012, which have been filed today
with the Securities and Exchange Commission, contain this and other
information about the Company and should be read carefully before
investing.
The offering is being conducted as a public offering under the
Company's effective shelf registration statement filed with the
Securities and Exchange Commission (Registration
No. 333-181879). To obtain a copy of the prospectus and the
preliminary prospectus supplement for this offering, please
contact: Jefferies & Company, Inc., 520 Madison Avenue,
12th Floor, New York, NY 10022,
Attention: Equity Syndicate Prospectus Department or (877) 547-6340
or prospectus_department@jefferies.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in small- and mid-sized businesses in the
United States in connection with acquisitions, changes in
control and recapitalizations. Including payments made through
September 2012, the Company has paid
87 consecutive monthly cash distributions on its common stock.
Information on the business activities of all the Gladstone funds can be found at
www.gladstonecompanies.com.
SOURCE Gladstone Investment Corporation
