Gladstone Capital Announces Increase in Monthly Cash Distributions for July, August and September 2023, a Supplemental Distribution to Common Stockholders and Earnings Release and Conference Call Dates for its Third Fiscal Quarter
07/11/2023 - 04:05 PM
MCLEAN, VA / ACCESSWIRE / July 11, 2023 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for July, August and September 2023. The common stock distribution amount outlined in the chart below represents a 17.9% increase in the monthly distribution run rate from the beginning of the Company's fiscal year (which began October 1, 2022). The Company will also pay a supplemental distribution of $0.02 per share to common stockholders in September and announced its plan to report earnings for its third fiscal quarter ended June 30, 2023.
Cash Distributions:
Common Stock: $0.08 25 per share of common stock for each of July, August and September 2023, and a supplemental distribution of $0.02 per share of common stock in September 2023, payable per the table below.
Record Date
Payment Date
Cash Distribution
July 21
July 31
$0.08 25
August 23
August 31
0.0825
September 7
September 15
0.02*
September 21
September 29
0.0825
Total for the Quarter :
$0.26 75
*Denotes supplemental distribution to common stockholders
The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com .
Series A Preferred Stock (Unlisted): $0.13 0208 per share of 6.25% Series A Cumulative Redeemable Preferred Stock for each of July, August and September 2023, payable per the table below:
Record Date
Payment Date
Amount
July 27
August 4
$ 0.13 0208
August 28
September 6
0.130208
September 27
October 5
0.130208
Total for the Quarter:
$ 0.39 0624
Earnings Announcement:
The Company also announced today that it plans to report earnings for the third fiscal quarter ended June 30, 2023, after the stock market closes on Wednesday, July 26, 2023. The Company will hold a conference call Thursday, July 27, 2023 at 8:30 a.m. ET to discuss its earnings results. Please call (866) 424-3437 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through August 3, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13739226.
The live audio broadcast of the Company's conference call will be available online at www.gladstonecapital.com . The event will be archived and available for replay on the Company's website.
If you have questions prior to or following the earnings release you may e-mail them to capital@gladstonecompanies.com .
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. Information on the business activities of Gladstone Capital and all the Gladstone funds can be found at www.gladstonecompanies.com .
For further information: Gladstone Capital Corporation, (703) 287-5893
SOURCE: Gladstone Capital Corporation
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GLAD Rankings
#2086 Ranked by Stock Gains
GLAD Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Finance, Investment Managers, Finance and Insurance, Securities and Commodity Exchanges
Country
US
City
Mc Lean
About GLAD
leaders in private equity, debt and real estate ownership and financing, the gladstone companies are a family of public investment funds. our funds as applicable, invest in commercial real estate, farmland, and small and medium-sized companies and provide financing to such businesses across the capital structure, from second lien and mezzanine debt, to equity and real estate financing solutions. financing for the gladstone companies is provided by four public investment vehicles: gladstone capital corporation (nasdaq: glad), gladstone investment corporation (nasdaq: gain), gladstone commercial corporation (nasdaq: good), and gladstone land corporation (nasdaq: land). target investments generally range from $5 to $30 million in companies with over $3 million in ebitda. target industries: light and specialty manufacturing, industrial products and services, business and government services, aerospace and defense, media and communications, consumer products and services, healthcare service