Gladstone Investment Corp 7.125% Cumulative Term Preferred Stock – Monthly Pay
By: Tim McPartland,
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GAINP
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 03/30/2012
Monthly Dividend .148 Annual Dividend 1.781
Securities may be redeemed, at the issuers option, as early as 02/28/2016 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 break for the individual holders.
Maturity Date 02/28/2017
Company Investor Relations Page for Gladstone Investment
Below you can find the offering Prospectus and Final Pricing Document