Gladstone Investment Corporation 6.25% Series D Cumulative Term Preferred Stock Due 2023
By: Tim McPartland,
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