Gladstone Capital Corporation 6% Series 2024 Term Preferred Stock
By: Tim McPartland,
Date Issued 9/20/2017
Shares Issued 1,800,000 Over-allotment Shares 270,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GLADN OTC Temporary Ticker GDDLV
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 10/31/2017
Monthly Dividend .125 Annual Dividend 1.50
Securities may be redeemed, at the issuers option, as early as 9/30/2019 at a call price of $25 plus accrued dividends.
Dividend Payment Will NOT BE Qualified Distributions. Preferred stock dividends of business development companies (BDC’s) are not eligible for the qualified tax rate. Because the BDC generally pays no federal taxes (if they follow the rules) there is no incremental tax break for the individual holders.
Maturity Date 09/30/2024
Company Investor Relations Page for Gladstone Capital Corp