Gladstone Investment Company 6.75% Series B Cumulative Term Preferred Stock
By: Tim McPartland,
Date Issued 11/6/2014
Shares Offered 1,440,000 Overallotment Shares 216,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GAINO OTC Ticker GDVPP
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 12/31/2014
Monthly Dividend .141 Annual Dividend 1.6875
Securities may be redeemed, at the issuers option, as early as 12/01/2017 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) 12/31/2021
Company Investor Relations Page for Gladstone Investment
Below you can find the offering Prospectus and Final Pricing Document