Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2024 and Conference Call Date

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Gladstone Capital (Nasdaq: GLAD) declares monthly cash distributions for April, May, and June 2024, with a doubled dividend due to a recent reverse stock split. The Company also announces earnings report for the second fiscal quarter ending March 31, 2024.

MCLEAN, VA / ACCESSWIRE / April 9, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for April, May and June 2024 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2024.

Cash Distributions:

Common Stock: $0.165 per share of common stock for each of April, May and June 2024, payable per the table below. This amount reflects the doubling of the dividend as a result of the 1-for-2 reverse stock split announced last week.

	Record Date	Payment Date	Cash Distribution
	April 19	April 30	$0.165
	May 17	May 31	$0.165
	June 19	June 28	$0.165
Total for the Quarter:			$0.495

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

Series A Preferred Stock (Unlisted): $0.130208 per share of 6.25% Series A Cumulative Redeemable Preferred Stock for each of April, May and June 2024, payable per the table below:

	Record Date	Payment Date	Cash Distribution
	April 22	May 3	$0.130208
	May 23	June 5	$0.130208
	June 25	July 5	$0.130208
Total for the Quarter:			$0.390624

Earnings Announcement:

The Company also announced today that it plans to report earnings for the second fiscal quarter ended March 31, 2024, after the stock market closes on Wednesday, May 1, 2024. The Company will hold a conference call Thursday, May 2, 2024 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 May 9, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744826.

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 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

What is the ticker symbol for Gladstone Capital ?

The ticker symbol for Gladstone Capital is GLAD.

What are the cash distributions declared by Gladstone Capital for April, May, and June 2024?

Gladstone Capital declared $0.165 per share of common stock and $0.130208 per share of Series A Preferred Stock for each of April, May, and June 2024.

When will the cash distributions be payable for Gladstone Capital ?

The cash distributions for common stock and Series A Preferred Stock will be payable on specific dates in April, May, and June 2024 as per the provided table.

What is the total cash distribution for the quarter by Gladstone Capital ?

The total cash distribution for the quarter by Gladstone Capital is $0.495 for common stock and $0.390624 for Series A Preferred Stock.

When will Gladstone Capital report earnings for the second fiscal quarter ended March 31, 2024?

Gladstone Capital plans to report earnings for the second fiscal quarter ended March 31, 2024, after the stock market closes on Wednesday, May 1, 2024.