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Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2024 and Conference Call Date

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Gladstone Capital (Nasdaq: GLAD) declares monthly cash distributions for April, May, and June 2024, with a doubled dividend due to a recent reverse stock split. The Company also announces earnings report for the second fiscal quarter ending March 31, 2024.
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MCLEAN, VA / ACCESSWIRE / April 9, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for April, May and June 2024 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2024.

Cash Distributions:

Common Stock: $0.165 per share of common stock for each of April, May and June 2024, payable per the table below. This amount reflects the doubling of the dividend as a result of the 1-for-2 reverse stock split announced last week.

Record Date

Payment Date

Cash Distribution

April 19

April 30

$0.165

May 17

May 31

$0.165

June 19

June 28

$0.165

Total for the Quarter:

$0.495

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): $0.130208 per share of 6.25% Series A Cumulative Redeemable Preferred Stock for each of April, May and June 2024, payable per the table below:

Record Date

Payment Date

Cash Distribution

April 22

May 3

$0.130208

May 23

June 5

$0.130208

June 25

July 5

$0.130208

Total for the Quarter:

$0.390624

Earnings Announcement:

The Company also announced today that it plans to report earnings for the second fiscal quarter ended March 31, 2024, after the stock market closes on Wednesday, May 1, 2024. The Company will hold a conference call Thursday, May 2, 2024 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 May 9, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744826.

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 all the Gladstone funds can be found at www.gladstonecompanies.com.

Investor Relations Inquiries: Please visit www.gladstonecompanies.com or (703) 287-5893.

SOURCE: Gladstone Capital Corporation



View the original press release on accesswire.com

FAQ

What is the ticker symbol for Gladstone Capital ?

The ticker symbol for Gladstone Capital is GLAD.

What are the cash distributions declared by Gladstone Capital for April, May, and June 2024?

Gladstone Capital declared $0.165 per share of common stock and $0.130208 per share of Series A Preferred Stock for each of April, May, and June 2024.

When will the cash distributions be payable for Gladstone Capital ?

The cash distributions for common stock and Series A Preferred Stock will be payable on specific dates in April, May, and June 2024 as per the provided table.

What is the total cash distribution for the quarter by Gladstone Capital ?

The total cash distribution for the quarter by Gladstone Capital is $0.495 for common stock and $0.390624 for Series A Preferred Stock.

When will Gladstone Capital report earnings for the second fiscal quarter ended March 31, 2024?

Gladstone Capital plans to report earnings for the second fiscal quarter ended March 31, 2024, after the stock market closes on Wednesday, May 1, 2024.

Gladstone Capital Corporation

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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