Gladstone Investment Corporation 6.25% Series D Cumulative Term Preferred Stock Due 2023

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Date Issued   9/19/2016

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Shares Offered   2,000,000        Overallotment Shares  300,000

S&P Rating   NR     Moodys Rating   NR

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Security Ticker Symbol   GAINM    OTC Ticker  GADDP

Market Traded ON   NASDAQ

Dividend Payment Paid on the last day of the month beginning on 9/30/2016

Monthly Dividend   .1302    Annual Dividend   1.56

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Securities may be redeemed, at the issuers option, as early as 09/30/2018  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)  9/30/2023

 

Company Investor Relations Page for Gladstone Investment Corporation

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Click here to find the offering Prospectus and/or Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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