An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2024 and Conference Call Date
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
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.
Positive
None.
Negative
None.
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.
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.
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.
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.
The total cash distribution for the quarter by Gladstone Capital is $0.495 for common stock and $0.390624 for Series A Preferred Stock.
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.
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
