Gladstone Investment 6.50% Series C Cumulative Term Preferred Stock Due 2022
By: Tim McPartland,
Date Issued 5/5/2015
Shares Offered 1,400,000 Overallotment Shares 210,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GAINN OTC Ticker GLDTP
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 6/30/2015
Monthly Dividend .135 Annual Dividend 1.625
Securities may be redeemed, at the issuers option, as early as 05/31/2018 the call price is $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 breaks for the individual holders.
Maturity Date (Mandatory Redemption Date) 5/31/2022
Company Investor Relations Page for Gladstone Investment
Below you can find the offering Prospectus and Final Pricing Document