Gladstone Investment Announces Monthly Cash Distributions for April, May, and June 2023 and a Supplemental Distribution to Common Stockholders

Rhea-AI Summary

Gladstone Investment Corporation (NASDAQ: GAIN) has declared monthly cash distributions for common stockholders amounting to $0.08 per share for April, May, and June 2023. Additionally, a supplemental distribution of $0.12 per share is scheduled for June 2023. The record and payment dates for these distributions are as follows:

• April: Record - April 21, Payment - April 28, Cash Distribution - $0.08
• May: Record - May 23, Payment - May 31, Cash Distribution - $0.08
• June: Record - June 5, Payment - June 15, Cash Distribution - $0.12
• June: Record - June 21, Payment - June 30, Cash Distribution - $0.08

The total distribution for the quarter amounts to $0.36. Gladstone offers a dividend reinvestment plan for its stockholders. The board will assess future supplemental distributions.

Positive

• Declared monthly cash distributions of $0.08 per share for April, May, and June 2023.
• Supplemental distribution of $0.12 per share in June 2023.
• Total cash distribution for the quarter amounts to $0.36.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / April 11, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders.

The Company will also pay a supplemental distribution of $0.12 per share to holders of its common stock in June 2023. The board of directors will continue to evaluate the amount and timing of any future supplemental distributions in future periods.

Common Stock: $0.08 per share of common stock for each of April, May, and June 2023, and a supplemental distribution of $0.12 per share of common stock in June 2023, payable per the table below.

Record Date	Payment Date	Cash Distribution
April 21	April 28	$ 0.08
May 23	May 31	$ 0.08
June 5	June 15	$ 0.12*
June 21	June 30	$ 0.08
Total for the Quarter:		$ 0.36

*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.gladstoneinvestment.com.

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

Investor Relations Inquiries: Please visit www.gladstone.com or (703) 287-5893.

Forward-looking Statements:

The statements in this press release regarding potential future distributions, earnings and operations of the Company are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on the Company's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.

SOURCE: Gladstone Investment Corporation

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https://www.accesswire.com/748540/Gladstone-Investment-Announces-Monthly-Cash-Distributions-for-April-May-and-June-2023-and-a-Supplemental-Distribution-to-Common-Stockholders

FAQ

What is the cash distribution schedule for Gladstone Investment Corporation in April, May, and June 2023?

Gladstone Investment Corporation has declared monthly cash distributions of $0.08 per share for April, May, and June 2023, with an additional supplemental distribution of $0.12 per share in June.

When will Gladstone Investment Corporation pay the supplemental distribution?

The supplemental distribution of $0.12 per share will be paid on June 15, 2023.

What is the total cash distribution for Gladstone Investment Corporation for the quarter?

The total cash distribution for the quarter is $0.36 per share.

What are the record and payment dates for Gladstone Investment Corporation's April cash distribution?

The record date for the April cash distribution is April 21, 2023, and the payment date is April 28, 2023.

Does Gladstone Investment Corporation offer a dividend reinvestment plan?

Yes, Gladstone Investment Corporation offers a dividend reinvestment plan for its common stockholders.