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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gladstone Investment Corporation | NASDAQ:GAIN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.32 | 14.32 | 14.35 | 54 | 14:18:49 |
The Series D Term Preferred Shares are expected to begin trading on the NASDAQ Global Select Market on or about September 27, 2016 under the symbol “GAINM.” The Series D Term Preferred Shares are mandatorily redeemable on September 30, 2023 at $25.00 per share. Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), served as joint book-running managers for the offering. J.J.B. Hilliard, W.L. Lyons, LLC and Wunderlich Securities, Inc. served as co-lead managers of the offering. William Blair & Company, L.L.C. and Maxim Group LLC served as co-managers of the offering.
The Company intends to use the net proceeds to redeem all outstanding shares of its 7.125% Series A Cumulative Term Preferred Stock, to pay down debt under its revolving line of credit and for other general corporate purposes. This offering was made pursuant to the Company’s existing shelf registration statement, previously filed with the Securities and Exchange Commission. The final prospectus supplement related to the offering dated September 19, 2016 and the accompanying prospectus are available on the SEC website at www.sec.gov or by contacting Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, PA 19103, Attention: Taxable Fixed Income Department or prospectus@janney.com.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and medium-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company has paid 134 consecutive monthly cash distributions on its common stock.
CONTACT: Investor Relations Inquiries: Please call +1-703-287-5893
1 Year Gladstone Investment Chart |
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