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Gladstone Capital Corporation 6% Series 2024 Term Preferred Stock

By: ,

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

Click here to find the offering Prospectus and Final Pricing Document

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