Gladstone Investment Declares $0.70 Supplemental Distribution

By Bobby Samwell • Wednesday, September 18 07:59 • Permanent Link

Gladstone Investment Corporation (NASDAQ: GAIN) has declared a $0.70 supplemental cash distribution per share of common stock to be paid on October 14, 2024, with a record date of October 4, 2024. This announcement follows the company's exit from its investment in Nth Degree, Inc. which resulted in a realized gain of $42.3 million and the repayment of its debt investment of $25.0 million at par in September 2024.

David Dullum, the President of Gladstone Investment, emphasized the strength of the company's buyout strategy, noting that it has the ability to reward its shareholders with meaningful supplemental distributions from the realized capital gains generated on the equity portion of successful exits.

Furthermore, the company's board of directors is scheduled to conduct its next quarterly board meeting on October 8th, where they plan to declare monthly distributions for October, November, and December of 2024. Additionally, the company offers a dividend reinvestment plan (DRIP) to its common stockholders. Today the company's shares have moved -0.5% to a price of $13.0. For the full picture, make sure to review Gladstone Investment's 8-K report.

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