Gladstone Invt Corp (GAINO) 25.47 $GAINO Gladst
Post# of 273241
Posted On: 09/24/2016 5:19:49 PM
Gladstone Invt Corp (GAINO) 25.47 $GAINO
Gladstone Investment Corporation Announces Exercise of Over-Allotment Option on Term Preferred Stock
GlobeNewswire - Wed Dec 03, 4:40PM CST
Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company"
today announced that, in connection with its 6.75% Series B Cumulative Term Preferred Stock due 2021 (Nasdaq:GAINO) (the "Series B Term Preferred Stock" offering completed on November 5, 2014, the underwriters of the offering fully exercised and closed on their over-allotment option to purchase an additional 216,000 shares of Series B Term Preferred Stock from the Company. The Company received approximately $5.2 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount. Janney Montgomery Scott LLC served as the sole book-running manager. Sterne, Agee & Leach, Inc. served as the lead manager, while BB&T Capital Markets, a division of BB&T Securities, LLC, J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities, Inc., and Ladenburg Thalmann & Co. Inc. served as co-managers for the offering.
GAINO: 25.47 (-0.17), GAIN: 8.89 (-0.01)
Gladstone Investment Corporation Announces Exercise of Over-Allotment Option on Term Preferred Stock
GlobeNewswire - Wed Dec 03, 4:40PM CST
Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company"
today announced that, in connection with its 6.75% Series B Cumulative Term Preferred Stock due 2021 (Nasdaq:GAINO) (the "Series B Term Preferred Stock" offering completed on November 5, 2014, the underwriters of the offering fully exercised and closed on their over-allotment option to purchase an additional 216,000 shares of Series B Term Preferred Stock from the Company. The Company received approximately $5.2 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount. Janney Montgomery Scott LLC served as the sole book-running manager. Sterne, Agee & Leach, Inc. served as the lead manager, while BB&T Capital Markets, a division of BB&T Securities, LLC, J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities, Inc., and Ladenburg Thalmann & Co. Inc. served as co-managers for the offering. GAINO: 25.47 (-0.17), GAIN: 8.89 (-0.01)
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