Gladstone Capital 6.75% Term Preferred Stock Series 2021
By: Tim McPartland,
Issue Date 5/13/2014
Shares Issued 2,200,000 Over-allotment Shares 240,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GLADO OTC Temporary Ticker GLAXP
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 06/30/2014
Monthly Dividend .141 Annual Dividend 1.688
Securities may be redeemed, at the issuers option, as early as 6/30/2017 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 06/30/2021
Company Investor Relations Page for Gladstone Capital Corp
Below you can find the offering Prospectus and Final Pricing Document