Gladstone Investment Appoints Executive Vice Presidents

Rhea-AI Summary

Gladstone Investment Corporation (NASDAQ: GAIN) announced the appointment of two Managing Directors, Kyle Largent and Peter Roushdy, as Executive Vice Presidents. Largent has been with the company since 2006, previously serving at National Capital and Friedman Billings Ramsey, holding an MBA from Georgetown University. Roushdy joined in 2011, having a background in investment banking at Wells Fargo, with a BA in Economics from Davidson College. These appointments aim to bolster leadership as the firm continues its investments in the lower middle market.

Positive

• Kyle Largent and Peter Roushdy bring extensive experience that may enhance operational leadership.
• The appointments could strengthen investor confidence due to increased management depth.

Negative

• No negative aspects noted.

MCLEAN, VA / ACCESSWIRE / October 26, 2020 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today that it has appointed two of its Managing Directors to the additional position of Executive Vice President: Kyle Largent and Peter Roushdy.

Mr. Largent joined Gladstone Investment in November 2006. Prior to joining the company, he was a Vice President for National Capital, an investment bank providing M&A advisory services to small and mid-sized businesses. In 2003, Kyle served as an Associate Analyst in the Research group at Friedman Billings Ramsey. Kyle received an MBA from Georgetown University, a BSBA from the University of Tulsa, and is a CFA charterholder.

Mr. Roushdy joined Gladstone Investment in July 2011. Prior to joining the company, he was an Analyst in the Consumer & Retail Investment Banking group at Wells Fargo Securities where he focused on debt and equity capital markets origination and advisory services to clients in the retail and restaurant sectors. Mr. Roushdy earned a BA in Economics from Davidson College.

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. Additional information be found at www.GladstoneInvestment.com.

For stockholder information on Gladstone Investment, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

For further information: Gladstone Investment, 703-287-5893

SOURCE: Gladstone Investment Corporation

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FAQ

Who are the new Executive Vice Presidents of Gladstone Investment Corporation?

The new Executive Vice Presidents are Kyle Largent and Peter Roushdy.

What was Kyle Largent's previous experience before joining Gladstone Investment?

Kyle Largent was a Vice President at National Capital and previously an Associate Analyst at Friedman Billings Ramsey.

What is Peter Roushdy's background prior to joining Gladstone Investment?

Peter Roushdy worked as an Analyst in the Consumer & Retail Investment Banking group at Wells Fargo Securities.

When were Kyle Largent and Peter Roushdy appointed as Executive Vice Presidents?

They were appointed on October 26, 2020.

What is the primary focus of Gladstone Investment Corporation's investments?

Gladstone Investment primarily invests in secured debt and equity in lower middle market businesses in the U.S.