Gladstone Capital Announces $0.40 Supplemental Cash Distribution to Common Stockholders
Gladstone Capital (NASDAQ:GLAD) has declared a $0.40 supplemental cash distribution per share to common stockholders, payable on December 18, 2024, with a record date of December 4. This special distribution follows the company's successful sale of its equity interest and debt investment prepayment in Antenna Research Associates, Inc., which resulted in a significant capital gain. The company maintains a dividend reinvestment plan (DRIP) for common stockholders.
Gladstone Capital (NASDAQ:GLAD) ha dichiarato una distribuzione supplementare in contante di $0,40 per azione a favore degli azionisti, che sarà pagata il 18 dicembre 2024, con una data di registrazione fissata al 4 dicembre. Questa distribuzione speciale segue la vendita di successo da parte della società della sua partecipazione azionaria e del rimborso anticipato degli investimenti in debito presso Antenna Research Associates, Inc., che ha portato a una significativa plusvalenza. L'azienda mantiene un piano di reinvestimento dei dividendi (DRIP) per gli azionisti ordinari.
Gladstone Capital (NASDAQ:GLAD) ha declarado una distribución complementaria en efectivo de $0.40 por acción a los accionistas comunes, que se pagará el 18 de diciembre de 2024, con una fecha de registro del 4 de diciembre. Esta distribución especial sigue a la exitosa venta de la participación de capital y el prepago de inversiones en deuda de la compañía en Antenna Research Associates, Inc., lo que resultó en una ganancia de capital significativa. La empresa mantiene un plan de reinversión de dividendos (DRIP) para los accionistas comunes.
Gladstone Capital (NASDAQ:GLAD)는 보통주 주주에게 주당 $0.40의 추가 현금 배당금을 선언하였으며, 이는 2024년 12월 18일에 지급될 예정이며, 기준일은 12월 4일입니다. 이번 특별 배당금은 Antenna Research Associates, Inc.의 지분 매각과 채무 투자 조기 상환의 성공적인 결과로, 상당한 자본 이득을 가져왔습니다. 회사는 보통주 주주를 위한 배당금 재투자 계획(DRIP)을 유지하고 있습니다.
Gladstone Capital (NASDAQ:GLAD) a déclaré une distribution complémentaire en espèces de 0,40 $ par action à l'intention des actionnaires ordinaires, payable le 18 décembre 2024, avec une date d'enregistrement fixée au 4 décembre. Cette distribution spéciale fait suite à la vente réussie de la participation en capital et du remboursement anticipé d'investissements en dette par la société dans Antenna Research Associates, Inc., ce qui a entraîné un gain en capital significatif. L'entreprise maintient un plan de réinvestissement des dividendes (DRIP) pour les actionnaires ordinaires.
Gladstone Capital (NASDAQ:GLAD) hat eine zusätzliche Barauszahlung von 0,40 $ pro Aktie an die Stammaktionäre erklärt, die am 18. Dezember 2024 zahlbar sein wird, mit einem Stichtag am 4. Dezember. Diese besondere Ausschüttung folgt auf den erfolgreichen Verkauf der Eigenkapitalanteile und die vorzeitige Rückzahlung von Schulden in der Antenna Research Associates, Inc., was zu einem erheblichen Kapitalgewinn geführt hat. Das Unternehmen bietet einen Dividendenreinvestitionsplan (DRIP) für Stammaktionäre an.
- Announced $0.40 per share supplemental cash distribution
- Realized significant capital gain from Antenna Research Associates exit
- Successfully exited both equity and debt investments in portfolio company
- None.
Insights
This special dividend announcement marks a significant capital return event for GLAD shareholders. The
The realization of significant gains from both equity and debt investments demonstrates GLAD's successful investment strategy in the lower middle market segment. This exit showcases the BDC's ability to generate capital appreciation beyond regular interest income, validating their equity co-investment approach. The willingness to distribute the gains rather than retain them indicates strong portfolio performance and liquidity position.
MCLEAN, VA / ACCESSWIRE / November 12, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders payable in December 2024.
Common Stock: A supplemental distribution of
Record Date | Payment Date | Cash Distribution |
December 4 | December 18 |
On November 4, 2024, the Company announced the sale of its equity interest and the prepayment of its debt investment in Antenna Research Associates, Inc. As a result of the transaction, the Company realized a significant gain on its equity investment.
"We are eager to reward our shareholders with this meaningful supplemental distribution from the realized capital gain generated on the equity portion of this successful exit," said Bob Marcotte, President of Gladstone Capital Corporation.
The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
Investor Relations Inquiries: Please visit www.gladstonecompanies.com or (703) 287-5893.
SOURCE: Gladstone Capital Corporation
View the original press release on accesswire.com
FAQ
When will Gladstone Capital (GLAD) pay its $0.40 supplemental distribution in 2024?
What caused GLAD to declare a supplemental distribution in December 2024?
What is the record date for GLAD's supplemental distribution in December 2024?
