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Stock impact report

Gladstone Investment Announces Intent to Redeem All Outstanding Shares of Existing Series B Term Preferred Stock and Series C Term Preferred Stock

Gladstone Investment Corporation - Business Development Company (GAIN) 
Last gladstone investment corporation - business development company earnings: 2/4 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstoneinvestment.com
Company Research Source: GlobeNewswire
MCLEAN, Va., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) (the “Company”) today announced that it plans to redeem all of its outstanding shares of its 6.75% Series B Cumulative Term Preferred Stock due 2021 (the “Series B Term Preferred Stock”) and its 6.50% Series C Cumulative Term Preferred Stock due 2023 (the “Series C Term Preferred Stock”), contingent upon the Company’s successful completion of the public offering of its newly designated 6.375% Series E Cumulative Term Preferred Stock due 2025 (the “Series E Term Preferred Stock”).  The Company intends to use the net proceeds from the offering of its Series E Term Preferred Stock plus borrowings under its credit facility, as necessary, to redeem all outstanding shares of its Series B Term Preferred Stock and its Series C Term Preferred Stock. A notice of redemption on a conditional basis will be mailed to all registered holders of the Series B Term Preferred Stock and Series C Term Preferre Show less Read more
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