Enter a Ticker Symbol To Get Your Free Bull/Bear Rating & Ranking Report from "Stock Scientist" Mike Turner

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

By: ,

Date Issued   9/19/2016

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

S&P Rating   NR     Moodys Rating   NR

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

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

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

FREE REPORT
X
Bryan Perry Dividend Income Expert Bryan Perry

Earn 8% on this "Government Mandated Income Opportunity"

X

Search Dividend Investor