MCLEAN, Va., April 14, 2015 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (Nasdaq: GAIN ) (the "Company") announced today that its board of directors declared the following monthly cash distributions:
Regular Monthly Cash Distributions:
Common Stock: $0.0625 per share of common stock for each of April, May and June, 2015, payable per Table 1 below. This new monthly distribution per share is an increase of $0.0025, and greater than 4%, per share over the previous run rate of $0.0600 per share. The Company has paid 117 consecutive monthly cash distributions on its common stock.
| Table 1: Summary Table for Common Stock cash distributions: | |||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution |
| April 22 | April 24 | May 5 | $0.0625 |
| May 15 | May 19 | May 29 | $0.0625 |
| June 17 | June 19 | June 30 | $0.0625 |
| Total for the Quarter: | $0.1875 | ||
Series A Term Preferred Stock: $0.1484375 per share of the Company's 7.125% Series A Cumulative Term Preferred Stock ("Series A Term Preferred Stock") for each of April, May and June, 2015, payable per Table 2 below. The Term Preferred Stock trades on the NASDAQ under the symbol "GAINP."
| Table 2: Summary Table for Series A Term Preferred Stock cash distributions: | |||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution |
| April 22 | April 24 | May 5 | $0.1484375 |
| May 15 | May 19 | May 29 | $0.1484375 |
| June 17 | June 19 | June 30 | $0.1484375 |
| Total for the Quarter: | $0.4453125 | ||
Series B Term Preferred Stock: $0.140625 per share of the Company's 6.75% Series B Cumulative Term Preferred Stock ("Series B Term Preferred Stock") for each of April, May and June, 2015, payable per Table 3 below. The Series B Term Preferred Stock trades on the NASDAQ under the symbol "GAINO."
| Table 3: Summary Table for Series B Term Preferred Stock cash distributions: | |||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution |
| April 22 | April 24 | May 5 | $0.140625 |
| May 15 | May 19 | May 29 | $0.140625 |
| June 17 | June 19 | June 30 | $0.140625 |
| Total for the Quarter: | $0.421875 | ||
The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstoneinvestment.com .
If you have questions prior to or following the earnings release you may e-mail them to info@gladstonecompanies.com .
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com .
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com .
For further information: Gladstone Investment Corporation, +1-703-287-5893
