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Gladstone Capital Announces Increase in Monthly Cash Distributions for July, August and September 2023, a Supplemental Distribution to Common Stockholders and Earnings Release and Conference Call Dates for its Third Fiscal Quarter
MCLEAN, VA / ACCESSWIRE / July 11, 2023 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the
About this update from Gladstone Capital Corporation
[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / July 11, 2023 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") announced today that its board of directors declared the following monthly cash distributions for July, August and September 2023. The common stock distribution amount outlined in the chart below represents a 17.9% increase in the monthly distribution run rate from the beginning of the Company's fiscal year (which began October 1, 2022). The Company will also pay a supplemental distribution of $0.02 per share to common stockholders in September and announced its plan to report earnings for its third fiscal quarter ended June 30, 2023.Cash Distributions:Common Stock: $0.0825 per share of common stock for each of July, August and September 2023, and a supplemental distribution of $0.02 per share of common stock in September 2023, payable per the table below.Record DatePayment DateCash DistributionJuly 21July 31$0.0825August 23August 310.0825September 7September 150.02*September 21September 290.0825Total for the Quarter:$0.2675*Denotes supplemental distribution to common stockholdersThe 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): $0.130208 per share of 6.25% Series A Cumulative Redeemable Preferred Stock for each of July, August and September 2023, payable per the table below:Record DatePayment DateAmountJuly 27August 4$ 0.130208August 28September 60.130208September 27October 50.130208Total for the Quarter:$ 0.390624Earnings Announcement:The Company also announced today that it plans to report earnings for the third fiscal quarter ended June 30, 2023, after the stock market closes on Wednesday, July 26, 2023. The Company will hold a conference call Thursday, July 27, 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 August 3, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13739226.The live audio broadcast of the Company's conference call will be available online at www.gladstonecapital.com. The event will be archived and ava...