Exhibit 99.1
Gladstone Investment Announces Monthly Cash Distributions for
January, February, and March 2021, and
Third Fiscal Quarter Earnings Release and Conference Call Dates
MCLEAN, VA, January 12, 2021 – Gladstone Investment Corporation (Nasdaq: GAIN) (the “Company”) announced today that its board of directors declared the following monthly cash distributions to preferred and common stockholders. The Company also announced its plan to report earnings for its third fiscal quarter ended December 31, 2020.
Common Stock: $0.07 per share of common stock for each of January, February, and March 2021, payable per the table below.
| Record Date |
Payment Date | Cash Distribution | ||||
| January 22 |
January 29 | $ | 0.07 | |||
| February 17 |
February 26 | $ | 0.07 | |||
| March 18 |
March 31 | $ | 0.07 | |||
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| Total for the Quarter: |
$ | 0.21 | ||||
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Series D Term Preferred Stock: $0.13020833 per share of the Company’s 6.25% Series D Cumulative Term Preferred Stock (“Series D Term Preferred Stock”) for each of January, February, and March 2021, payable per the table below. The Series D Term Preferred Stock trades on the Nasdaq under the symbol “GAINM.”
| Record Date |
Payment Date | Cash Distribution | ||||
| January 22 |
January 29 | $ | 0.13020833 | |||
| February 17 |
February 26 | $ | 0.13020833 | |||
| March 18 |
March 31 | $ | 0.13020833 | |||
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| Total for the Quarter: |
$ | 0.39062499 | ||||
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Series E Term Preferred Stock: $0.1328125 per share of the Company’s 6.375% Series E Cumulative Term Preferred Stock (“Series E Term Preferred Stock”) for each of January, February, and March 2021, payable per the table below. The Series E Term Preferred Stock trades on the Nasdaq under the symbol “GAINL.”
| Record Date |
Payment Date | Cash Distribution | ||||
| January 22 |
January 29 | $ | 0.1328125 | |||
| February 17 |
February 26 | $ | 0.1328125 | |||
| March 18 |
March 31 | $ | 0.1328125 | |||
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| Total for the Quarter: |
$ | 0.3984375 | ||||
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The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstoneinvestment.com.
The Company also announced today that it plans to report earnings after the stock market closes on Tuesday, February 2, 2021, for its third fiscal quarter ended December 31, 2020. The Company will hold a conference call on Wednesday, February 3, 2021 at 8:30 a.m. EST to discuss its earnings results. Please call (866) 373-3416 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 February 10, 2021. To hear the replay, please dial (877) 660-6853 and use playback conference number 13713653.
The live audio broadcast of the Company’s conference call will be available online at www.gladstoneinvestment.com. The event will also be archived and available for replay on the Company’s website.
About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
Source: Gladstone Investment Corporation