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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gladstone Capital Corporation | NASDAQ:GLAD | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.06 | 0.27% | 22.14 | 22.10 | 22.17 | 22.22 | 21.9501 | 22.08 | 104,386 | 21:12:33 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported):
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
|
||
(Address of Principal Executive Offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol |
Name of each exchange on which registered | ||
(Nasdaq Global Select Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. | Regulation FD Disclosure. |
On July 11, 2023, Gladstone Capital Corporation issued a press release, filed herewith as Exhibit 99.1, announcing that its board of directors declared monthly cash distributions for its common stock and 6.25% Series A Cumulative Redeemable Preferred Stock for each of July, August and September 2023 and a supplemental cash distribution for its common stock in September 2023.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description | |
99.1 | Press Release issued by Gladstone Capital Corporation on July 11, 2023. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Gladstone Capital Corporation | ||||||
Date: July 11, 2023 | By: | /s/ Nicole Schaltenbrand | ||||
Nicole Schaltenbrand | ||||||
Chief Financial Officer & Treasurer |
Exhibit 99.1
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
MCLEAN, VA, 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 Companys 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: $0.0825 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 | $ | 0.0825 | |||
August 23 |
August 31 | 0.0825 | ||||
September 7 | September 15 | 0.02 | * | |||
September 21 |
September 29 | 0.0825 | ||||
|
|
|||||
Total for the Quarter: |
$ | 0.2675 | ||||
|
|
* | 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): $0.130208 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 | $ | 0.130208 | |||
August 28 |
September 6 | 0.130208 | ||||
September 27 |
October 5 | 0.130208 | ||||
|
|
|||||
Total for the Quarter: |
$ | 0.390624 | ||||
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|
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 Companys conference call will be available online at www.gladstonecapital.com. The event will be archived and available for replay on the Companys 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.
Source: Gladstone Capital Corporation
For further information: Gladstone Capital Corporation, (703) 287-5893
Document and Entity Information |
Jul. 11, 2023 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | GLADSTONE CAPITAL CORP |
Amendment Flag | false |
Entity Central Index Key | 0001143513 |
Document Type | 8-K |
Document Period End Date | Jul. 11, 2023 |
Entity Incorporation State Country Code | MD |
Entity File Number | 814-00237 |
Entity Tax Identification Number | 54-2040781 |
Entity Address, Address Line One | 1521 Westbranch Drive |
Entity Address, Address Line Two | Suite 100 |
Entity Address, City or Town | McLean |
Entity Address, State or Province | VA |
Entity Address, Postal Zip Code | 22102 |
City Area Code | (703) |
Local Phone Number | 287-5800 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, $0.001 par value per share |
Trading Symbol | GLAD |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
1 Year Gladstone Capital Chart |
1 Month Gladstone Capital Chart |
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