Gladstone Investment Announces Intent to Redeem All Outstanding Shares of Existing Series E Term Preferred Stock

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[{"type":"text","content":"MCLEAN, VA, / ACCESSWIRE / August 11, 2021 / Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) today announced that it plans to redeem all of the outstanding shares of its 6.375% Series E Cumulative Term Preferred Stock due 2025 (the “Series E Term Preferred Stock”), contingent upon the Company's successful completion of the public offering of unsecured notes. The Company intends to use the net proceeds from the offering of unsecured notes to redeem all outstanding shares of its Series E Term Preferred Stock.A notice of redemption on a conditional basis will be mailed to all registered holders of the Series E Term Preferred Stock by Computershare, Inc., as the Redemption and Paying Agent, in accordance with the requirements of the Company's Certificate of Designation of Series E Term Preferred Stock. The anticipated redemption date is August 19, 2021 at a redemption price of $25.079687500 per share, which represents the liquidation preference of $25.00 per share plus $0.079687500 in accrued and unpaid dividends up to, but excluding, the redemption date. This communication does not constitute a notice of redemption under the Certificates of Designation of Series E Term Preferred Stock, nor an offer to tender for, or purchase of, any shares of Series E Term Preferred Stock or any other security.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.Forward-Looking StatementsThis press release contains statements as to the Company's intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These statements relate to the offering of unsecured notes by the Company and the anticipated use of the net proceeds by the Company for the redemptio...

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