Welcome to our dedicated page for Gladstone Invt news (Ticker: GAIN), a resource for investors and traders seeking the latest updates and insights on Gladstone Invt stock.
Gladstone Investment Corporation (NASDAQ: GAIN) delivers flexible capital solutions to lower middle market businesses through secured debt and equity investments. This news hub provides investors with essential updates about this business development company's strategic activities and market position.
Access real-time announcements including earnings reports, portfolio company developments, and strategic investments. Our curated collection serves as your primary source for understanding GAIN's approach to generating shareholder value through monthly dividends and long-term capital appreciation.
Find detailed coverage of acquisition strategies, debt financing arrangements, and management partnerships across diverse sectors like defense contracting and property services. Regular updates include regulatory filings, dividend declarations, and operational milestones that impact GAIN's performance in the BDC sector.
Bookmark this page for streamlined access to verified financial updates and analysis. Check back frequently for the latest information about Gladstone Investment's unique position in providing patient capital to mature U.S. businesses seeking growth financing solutions.
Gladstone Investment (NASDAQ:GAIN) has priced a public offering of $110.0 million in 7.875% Notes due 2030. The Notes will mature on February 1, 2030, with an option for early redemption after February 1, 2027. Interest will be paid quarterly starting February 1, 2025. The company granted underwriters a 30-day option to purchase an additional $16.5 million in Notes for overallotments.
The Notes will be listed on Nasdaq Global Select Market under symbol 'GAINI'. Proceeds will be used to repay revolving credit facility debt, fund new investments, and for general corporate purposes. The offering is expected to close around December 17, 2024.
Gladstone Investment (Nasdaq:GAIN) has announced plans for a public offering of Notes due 2030. The Notes are expected to be listed on the Nasdaq Global Select Market under the symbol 'GAINI' within 30 days of issuance.
The offering will be managed by joint book-runners Oppenheimer & Co. Inc., B. Riley Securities, Inc., Lucid Capital Markets, and Piper Sandler & Co, with InspereX , Janney Montgomery Scott and Wedbush Securities Inc. serving as co-managers.
The company plans to use the proceeds to repay a portion of its revolving credit facility, fund new investment opportunities, and for general corporate purposes. The offering is being conducted under the company's effective shelf registration with the SEC (File No. 333-277452).
Gladstone Investment (NASDAQ:GAIN) has announced its partnership with Scott Dunlop in acquiring Pyrotek Special Effects on November 22, 2024. Gladstone provided equity and senior secured debt for the transaction. Pyrotek is a leading special effects services provider for the live entertainment industry, serving major global music, entertainment, sports, and media brands. Scott Dunlop will continue as President and CEO. The acquisition aims to generate both dividend income for shareholders and long-term capital appreciation through capital gains.
Gladstone Investment (GAIN) announced the retirement of Terry Lee Brubaker as Chief Operating Officer, effective December 2, 2024. Brubaker will also step down from his positions at Gladstone Management and Gladstone Administration, Michael LiCalsi, the Company's General Counsel and Secretary, will assume additional operational responsibilities while a national search for a Chief Investment Officer is conducted to handle Brubaker's investment committee duties.
Gladstone Investment (GAIN) reported financial results for Q2 2024. Total investment income increased 1.7% to $22.6 million, while net investment income decreased 41.3% to $7.3 million ($0.20 per share). The company recorded a significant realized gain of $42.3 million, primarily from the exit of Nth Degree Investment. Net asset value per share decreased to $12.49 from $13.01 in the previous quarter. The company declared distributions of $0.08 per share monthly and an additional special distribution of $0.70 per share paid in October 2024.
Gladstone Investment (NASDAQ:GAIN) has announced its Second Fiscal Quarter Ended September 30, 2024 Earnings Call & Webcast scheduled for Friday, November 8, 2024, at 8:30 a.m. ET. The event will be accessible via webcast at the provided link and by phone at (866) 424-3437. A conference call replay will be available for one hour after the call until November 15, 2024, by dialing (877) 660-6853 with playback conference number 13748840. The call will also be archived on www.gladstoneinvestment.com.
Gladstone Investment (Nasdaq:GAIN) has announced monthly cash distributions of $0.08 per share for common stockholders in October, November, and December 2024. The total distribution for the quarter amounts to $0.24 per share. The company offers a dividend reinvestment plan (DRIP) for its common stockholders.
Additionally, Gladstone Investment plans to report earnings for its second fiscal quarter ended September 30, 2024, after the stock market closes on Thursday, November 7, 2024. A conference call to discuss the earnings results is scheduled for Friday, November 8, 2024, at 8:30 a.m. Eastern Time. Investors can access the call by dialing (866) 424-3437, and a replay will be available until November 15, 2024, by dialing (877) 660-6853 with playback conference number 13748840.
Gladstone Investment (Nasdaq:GAIN) has announced an update to the payment date for its $0.70 supplemental distribution to common stockholders. Due to the October 14, 2024 federal holiday, the distribution will now be paid on Tuesday, October 15, 2024. The record date for this supplemental distribution remains October 4, 2024.
The company offers a dividend reinvestment plan (DRIP) to its common stockholders. Investors can find more information about the DRIP on the company's website at www.gladstoneinvestment.com.
Gladstone Investment (Nasdaq:GAIN) has announced a $0.70 supplemental distribution to common stockholders, payable on October 14, 2024, to shareholders of record on October 4, 2024. This distribution follows the company's successful exit from its investment in Nth Degree, Inc., which resulted in a realized gain of $42.3 million and the repayment of a $25.0 million debt investment at par in September 2024.
President David Dullum emphasized that this supplemental distribution demonstrates the strength of Gladstone's buyout strategy and its ability to reward shareholders with significant distributions from realized capital gains. The company's board of directors is scheduled to meet on October 8th to declare monthly distributions for the last quarter of 2024.
Gladstone Investment (Nasdaq:GAIN) has announced the sale of its portfolio company Nth Degree, Inc. to Shamrock Capital, resulting in a significant capital gain on its remaining equity position. Gladstone Investment initially acquired Nth Degree in 2015, sold a majority stake in 2019, and made additional investments in 2023. Nth Degree, based in Duluth, GA, is a leading provider of exhibit management and event services globally.
Mitchell Grant, Director of Gladstone Investment, expressed pride in supporting Nth Degree's growth. David Dullum, President of Gladstone Investment, highlighted that this marks the 31st exit from their management supported buy-outs since 2005, emphasizing their strategy of realizing gains on equity while generating strong current income from debt investments.
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