Gladstone Investment Announces Monthly Cash Distributions for April, May, and June 2020, and Supplemental and Deemed Distributions to Common Stockholders

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[{"type":"text","content":"MCLEAN, Va., April 14, 2020 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (Nasdaq: GAIN) (the “Company”) announced today that its board of directors (the “Board of Directors”) declared the following monthly cash distributions to preferred and common stockholders.\n The Company will also pay a supplemental distribution of $0.09 per share to holders of its common stock in June 2020. In this regard, the Company currently anticipates paying semi-annual, supplemental distributions each fiscal year that include undistributed net capital gains, but may also be made from undistributed net investment income, which the Company anticipates it will continue to generate in the future. The Board of Directors will evaluate the amount and timing of additional, semi-annual, supplemental distributions in future periods. The Company also announced a deemed distribution to common stockholders of record as of March 31, 2020. Common Stock: $0.07 per share of common stock for each of April, May, and June 2020, and a supplemental distribution of $0.09 per share of common stock in June 2020, all payable per the table below. Record DatePayment DateCash DistributionApril 24April 30$0.07May 19May 29$0.07June 8June 17$0.09*June 19June 30$0.07Total for the Quarter:$0.30 *Denotes supplemental distribution to common stockholders Series D Term Preferred Stock: $0.13020833 per share of the Company’s 6.25% Series D Cumulative Term Preferred Stock (“Series D Term Preferred Stock”) for each of April, May, and June 2020, payable per the table below. The Series D Term Preferred Stock trades on the Nasdaq under the symbol “GAINM.” Record DatePayment DateCash DistributionApril 24April 30$0.13020833May 19May 29$0.13020833June 19June 30$0.13020833Total for the Quarter:$0.39062499 Series E Term Preferred Stock: $0.1328125 per share of the Company’s 6.375% Series E Cumulative Term Preferred Stock (“Series E Term Preferred Stock”) for each of April, May, and June 2020, payable per the table below. The Series E Term Preferred Stock trades on the Nasdaq under the symbol “GAINL.” Record DatePayment DateCash DistributionApril 24April 30$0.1328125May 19May 29$0.1328125June 19June 30$0.1328125Total for the Quarter:$0.3984375 Deemed Distribution (Common Stock): The Company also announced a deemed distribution of $1.15 per share attributable to common stockholders of record ...

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