Gladstone Capital Announces Increase in Monthly Cash Distributions for January, February and March 2023 and Conference Call Date

Rhea-AI Summary

Gladstone Capital Corporation (NASDAQ:GLAD) announced a 7.1% increase in monthly cash distributions, raising the amount from $0.07 to $0.075 per share for January, February, and March 2023. The total distribution for the quarter will be $0.225 per share. The Company also plans to report its earnings for the first fiscal quarter ended December 31, 2022, on February 6, 2023, followed by a conference call on February 7, 2023. Investors can find more details about the dividend reinvestment plan on their website.

Positive

• 7.1% increase in monthly cash distribution from $0.07 to $0.075 per share.
• Total cash distribution for Q1 2023 is $0.225 per share.
• Scheduled earnings report for Q1 fiscal results on February 6, 2023.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / January 10, 2023 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") announced today that its board of directors declared the following monthly common stock cash distributions for January, February and March 2023 and also announced its plan to report earnings for its first fiscal quarter ended December 31, 2022. The distribution amount noted below represents a 7.1% increase in the monthly distribution run rate (from $0.07 in December 2022 to $0.075, starting in January 2023).

Cash Distributions:

Common Stock: $0.075 per share of common stock for each of January, February and March 2023, payable per the table below.

Record Date	Payment Date	Cash Distribution
January 20	January 31	$0.075
February 17	February 28	$0.075
March 17	March 31	$0.075
Total for the Quarter:		$0.225

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com.

Earnings Announcement:

The Company also announced today that it plans to report earnings for the first fiscal quarter ended December 31, 2022, after the stock market closes on Monday, February 6, 2023. The Company will hold a conference call Tuesday, February 7, 2023 at 8:30 a.m. ET to discuss its earnings results. Please call (866) 424-3437 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 14, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13734659.

The live audio broadcast of the Company's conference call will be available online at www.gladstonecapital.com. The event will be archived and available for replay on the Company's website.

If you have questions prior to or following the earnings release you may e-mail them to capital@gladstonecompanies.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 Gladstone Capital and all the Gladstone funds can be found at www.gladstonecompanies.com.

For further information: Gladstone Capital Corporation, (703) 287-5893

SOURCE: Gladstone Capital Corporation

View source version on accesswire.com:
https://www.accesswire.com/734703/Gladstone-Capital-Announces-Increase-in-Monthly-Cash-Distributions-for-January-February-and-March-2023-and-Conference-Call-Date

FAQ

What is the new cash distribution for GLAD in 2023?

Gladstone Capital increased its monthly cash distribution to $0.075 per share for January, February, and March 2023.

When will GLAD report its earnings for Q1 2023?

Gladstone Capital plans to report its earnings for the first fiscal quarter on February 6, 2023.

What is the total cash distribution for GLAD in Q1 2023?

The total cash distribution for Gladstone Capital in the first quarter of 2023 is $0.225 per share.

When is the conference call to discuss GLAD's earnings?

The conference call to discuss Gladstone Capital's earnings will be held on February 7, 2023, at 8:30 a.m. ET.