Gladstone Capital Announces Monthly Cash Distributions for October, November and December 2017
11 October 2017 - 7:22AM
Gladstone Capital Corporation (NASDAQ:GLAD) (the “Company”)
announced today that its board of directors declared the following
monthly cash distributions for October, November and December 2017.
Cash Distributions:
Common Stock: $0.07 per share of common stock
for each of October, November and December 2017, payable per the
table below. The Company has paid 168 consecutive monthly cash
distributions on its common stock. Prior to paying distributions on
a monthly basis, the Company paid eight consecutive quarterly
common stock cash distributions.
|
Record Date |
Payment Date |
Cash Distribution |
|
October 20 |
October 31 |
$0.07 |
|
November 20 |
November 30 |
$0.07 |
|
December 19 |
December 29 |
$0.07 |
Total for the Quarter: |
$0.21 |
|
|
Term Preferred Stock: $0.141667
per share of the Company’s 6.00% Series 2024 Term Preferred Stock
(“Term Preferred Stock”) for the prorated period from and including
the issuance date (September 27, 2017) to and including September
30, 2017, plus the full month of October 2017, and $0.125 per share
for each of November and December 2017, payable per the table
below. The Term Preferred Stock trades on the NASDAQ under the
symbol “GLADN.”
|
Record Date |
Payment Date |
Cash Distribution |
|
October 20 |
October 31 |
$0.141667 |
|
November 20 |
November 30 |
$0.125 |
|
December 19 |
December 29 |
$0.125 |
Total for the Quarter: |
$0.391667 |
|
|
The Company offers a dividend reinvestment plan
(the “DRIP”) to its common stockholders. For more information
regarding the DRIP, please visit www.gladstonecapital.com.
Gladstone Capital Corporation is a publicly traded business
development company that invests in debt and equity securities
consisting primarily of secured first and second lien term loans to
lower middle market businesses in the United States. 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.
For further information: Gladstone Capital Corporation,
+1-703-287-5893
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