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Stock impact report

Gladstone Investment Provides Update on Impact of Coronavirus

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., April 06, 2020 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment” or the “Company”) announced the following update: Portfolio Update: While the COVID-19 pandemic is affecting our portfolio companies to various degrees, the Company is proactively engaged with their management teams during these difficult times, and is providing management assistance and support, as necessary. At this time, our portfolio companies continue to operate with varying levels of results, depending on their sector and geographic location. The Company’s current financial position remains strong with a low-leveraged balance sheet and adequate liquidity. We do not expect a need to issue new common equity capital in the near-term and are in a good position to support our portfolio companies, should they face liquidity needs relating to potential temporary operating performance challenges.  As expected, given the uncertainty of the pandemic there will be som Show less Read more
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