Gladstone Investment Announces Monthly Cash Distributions for April, May, and June 2021 and a Supplemental Distribution to Common Stockholders

Rhea-AI Summary

Gladstone Investment Corporation (NASDAQ:GAIN) announced monthly cash distributions for common and preferred stockholders for April, May, and June 2021. Common stockholders will receive $0.07 per share monthly and a supplemental distribution of $0.06 in June, totaling $0.27 for the quarter. Preferred stockholders will receive $0.1328125 per share each month, summing to $0.3984375 for the quarter. The board will evaluate future distributions continually. The company offers a dividend reinvestment plan for common stockholders.

Positive

• Declared monthly cash distributions of $0.07 per share for common stock in April, May, and June.
• Supplemental distribution of $0.06 per common share in June.
• Total cash distribution for common stockholders amounts to $0.27 for the quarter.
• Preferred stockholders will receive a total of $0.3984375 per share for the quarter.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / April 13, 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 will also pay a supplemental distribution of $0.06 per share to holders of its common stock in June 2021. The board of directors will continue to evaluate the amount and timing of any additional, semi-annual, supplemental distributions in future periods.

Common Stock: $0.07 per share of common stock for each of April, May, and June 2021, and a supplemental distribution of $0.06 per share of common stock in June 2021, payable per the table below.

Record Date	Payment Date		Cash Distribution
April 23	April 30		$	0.07
May 19	May 28		$	0.07
June 8	June 17		$	0.06	*
June 18	June 30		$	0.07
Total for the Quarter:			$	0.27

*Denotes supplemental distribution to common stockholders

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 April, May, and June 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
April 23	April 30		$	0.1328125
May 19	May 28		$	0.1328125
June 18	June 30		$	0.1328125
Total for the Quarter:			$	0.3984375

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.

Investor Relations Inquiries: Please visit www.gladstone.com or +1-703-287-5893.

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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FAQ

What is the cash distribution for common stockholders of Gladstone Investment Corporation in June 2021?

Common stockholders will receive a monthly distribution of $0.07 per share for April, May, and June, plus a supplemental distribution of $0.06 in June.

When will Gladstone Investment Corporation pay its cash distributions?

Cash distributions for common stock will be paid on April 30, May 28, and June 17, 2021. The supplemental distribution will be paid on June 17, 2021.

What is the total cash distribution for the quarter for common stockholders of GAIN?

The total cash distribution for the quarter for common stockholders is $0.27.

How much will preferred stockholders receive in cash distributions for the second quarter of 2021?

Preferred stockholders will receive $0.1328125 per share each month, totaling $0.3984375 for the quarter.