Form 8-K - Current report
11 Juillet 2023 - 10:06PM
Edgar (US Regulatory)
GLADSTONE INVESTMENT CORPORATIONDE false 0001321741 0001321741 2023-07-11 2023-07-11 0001321741 us-gaap:CommonStockMember 2023-07-11 2023-07-11 0001321741 gain:A500NotesDue2026Member 2023-07-11 2023-07-11 0001321741 gain:M4.875NotesDue20282Member 2023-07-11 2023-07-11 0001321741 gain:M8.00NotesDue20281Member 2023-07-11 2023-07-11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): July 11, 2023
Gladstone Investment Corporation
(Exact Name of Registrant as Specified in Charter)
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Delaware |
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814-00704 |
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83-0423116 |
(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification Number) |
1521 Westbranch Drive, Suite 100, McLean, Virginia 22102
(Address of Principal Executive Offices) (Zip Code)
(703) 287-5800
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class |
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Trading Symbol(s) |
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Name of Each Exchange on Which Registered |
Common Stock, $0.001 par value per share |
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GAIN |
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The Nasdaq Stock Market LLC |
5.00% Notes due 2026 |
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GAINN |
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The Nasdaq Stock Market LLC |
4.875% Notes due 2028 |
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GAINZ |
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The Nasdaq Stock Market LLC |
8.00% Notes due 2028 |
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GAINL |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. |
Regulation FD Disclosure. |
On July 11, 2023, Gladstone Investment Corporation (the “Company”) issued a press release, filed herewith as Exhibit 99.1, announcing that the Company’s board of directors declared monthly cash distributions for the Company’s common stock for each of July, August and September 2023, and a supplemental distribution in September 2023.
The information disclosed under this Item 7.01, including portions of Exhibit 99.1 attached hereto regarding distributions, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Gladstone Investment Corporation |
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Date: July 11, 2023 |
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By: |
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/s/ Rachael Easton |
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Rachael Easton |
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Chief Financial Officer and Treasurer |
Gladstone Investment Announces Monthly Cash Distributions for July, August and
September 2023, a Supplemental Distribution to Common Stockholders, and Earnings
Release and Conference Call Dates for the First Fiscal Quarter
MCLEAN, Va., July 11, 2023Gladstone
Investment Corporation (Nasdaq: GAIN) (the Company) announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its
first fiscal quarter ended June 30, 2023.
Common Stock: $0.08 per share of common stock for each of July, August and September 2023,
and a supplemental distribution of $0.12 per share of common stock in September 2023, all payable per the table below.
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Record Date |
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Payment Date |
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Cash Distribution |
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July 21 |
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July 31 |
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$ |
0.08 |
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August 23 |
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August 31 |
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$ |
0.08 |
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September 7 |
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September 15 |
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$ |
0.12 |
* |
September 21 |
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September 29 |
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$ |
0.08 |
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Total for the Quarter: |
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$ |
0.36 |
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*Denotes |
supplemental distribution to common stockholders |
The Company offers a dividend reinvestment plan (the DRIP) to its common stockholders. For more information regarding the DRIP, please visit
www.gladstoneinvestment.com.
The Company also announced today that it plans to report earnings after the stock market closes on Wednesday,
August 2, 2023, for its first fiscal quarter ended June 30, 2023. The Company will hold a conference call on Thursday, August 3, 2023 at 8:30 a.m. Eastern Time to discuss its earnings results. Please call (866) 373-3416 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference
call replay will be available beginning one hour after the call and will be accessible through August 10, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13739227.
The live audio broadcast of the Companys conference call will be available online at www.gladstoneinvestment.com. The event will also be
archived and available for replay on the Companys website.
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.
Source: Gladstone Investment Corporation
Investor Relations Inquiries: Please visit www.gladstonecompanies.com or (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 Companys 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 Companys 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.
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