Gladstone Capital Corporation reports developments for a publicly traded business development company that invests in debt and equity securities of lower middle market businesses in the United States. Its recurring news centers on quarterly and annual results, portfolio activity, net asset value, investment income, secured first and second lien term loans, and limited equity exposure within its investment portfolio.
Company updates also cover monthly cash distributions on common stock and 6.25% Series A Cumulative Redeemable Preferred Stock, earnings-call schedules, financing activity, and governance matters such as executive succession and board-related announcements.
Gladstone Capital (Nasdaq: GLAD) announced its board of directors declared monthly cash distributions for July, August, and September 2024. Common stockholders will receive $0.165 per share each month, totaling $0.495 for the quarter. Series A Preferred Stockholders will get $0.130208 per share each month, totaling $0.390624 for the quarter. The company offers a dividend reinvestment plan for common stockholders.
Additionally, Gladstone Capital plans to report earnings for its third fiscal quarter, which ended June 30, 2024, after market close on August 7, 2024. A conference call to discuss the earnings will be held on August 8, 2024, at 8:30 a.m. ET. Replay options will be available until August 15, 2024.
Gladstone Capital is a business development company investing in debt and equity securities, mainly in secured first and second lien term loans to lower middle market businesses in the U.S. For more information, visit Gladstone's website or contact Investor Relations.
Gladstone Capital reported its financial results for the second fiscal quarter ended March 31, 2024. Total investment income increased by 3.3%, with net investment income per common share decreasing by 7.4%. The company had a net asset value per common share of $9.90. Portfolio activity included investments in new and existing companies, with a focus on first lien assets. Total investment income rose due to higher interest income, while expenses increased mainly due to a rise in management fees. The net asset increase from operations was $23.6 million, driven by net unrealized appreciation. Subsequent events included investments in Total Access Elevator, and the payoff of debt investments in Giving Home Healthcare, and Gray Matter Systems, The company completed a reverse stock split, doubling its NAV per share to $19.80. Distributions were declared to common and preferred stockholders for the quarter.
Gladstone Capital (Nasdaq: GLAD) announces its Second Fiscal Quarter earnings call and webcast scheduled for May 2, 2024. The company is a business development firm investing in debt and equity securities. The event provides investors with insights into the company's financial performance and operations.
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