UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Form 8-K
______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): April 12, 2016
Gladstone Investment Corporation
(Exact Name of Registrant as Specified in Charter)
| DELAWARE | 814-00704 | 83-0423116 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 1521 Westbranch Drive, Suite 100, McLean, Virginia 22102 |
| (Address of Principal Executive Offices) (Zip Code) |
(703) 287-5800
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 7.01. Regulation FD Disclosure.
On April 12, 2016, Gladstone Investment Corporation (the “Company”) issued a press release, filed herewith as Exhibit 99.1, announcing that its board of directors declared monthly cash distributions for the Company’s common stock, 7.125% Series A Cumulative Term Preferred Stock, 6.75% Series B Cumulative Term Preferred Stock and 6.50% Series C Cumulative Term Preferred Stock for each of April, May and June 2016.
The information disclosed under this Item 7.01, including portions of Exhibit 99.1 hereto regarding the monthly cash distributions, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed incorporated by reference into any filings made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Gladstone Investment Corporation, dated April 12, 2016. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Gladstone Investment Corporation | ||
| Date: April 12, 2016 | By: | /s/ Julia Ryan |
| Name: Julia Ryan | ||
| Title: Chief Financial Officer | ||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Gladstone Investment Corporation, dated April 12, 2016. |
EXHIBIT 99.1
Gladstone Investment Announces Monthly Cash Distributions for April, May and June, 2016
MCLEAN, Va., April 12, 2016 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) announced today that its board of directors declared the following monthly cash distributions.
Regular Monthly Cash Distributions:
Common Stock: $0.0625 per share of common stock for each of April, May and June, 2016, payable per Table 1 below. The Company has paid 129 consecutive monthly cash distributions on its common stock.
| Table 1: Summary Table for Common Stock cash distributions: | |||||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| April 20 | April 22 | May 2 | $ | 0.0625 | |
| May 17 | May 19 | May 31 | $ | 0.0625 | |
| June 15 | June 17 | June 30 | $ | 0.0625 | |
| Total for the Quarter: | $ | 0.1875 | |||
Series A Term Preferred Stock: $0.1484375 per share of the Company’s 7.125% Series A Cumulative Term Preferred Stock (“Series A Term Preferred Stock”) for each of April, May and June, 2016, payable per Table 2 below. The Term Preferred Stock trades on the NASDAQ under the symbol “GAINP.”
| Table 2: Summary Table for Series A Term Preferred Stock cash distributions: | |||||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| April 20 | April 22 | May 2 | $ | 0.1484375 | |
| May 17 | May 19 | May 31 | $ | 0.1484375 | |
| June 15 | June 17 | June 30 | $ | 0.1484375 | |
| Total for the Quarter: | $ | 0.4453125 | |||
Series B Term Preferred Stock: $0.140625 per share of the Company’s 6.75% Series B Cumulative Term Preferred Stock (“Series B Term Preferred Stock”) for each of April, May and June, 2016, payable per Table 3 below. The Series B Term Preferred Stock trades on the NASDAQ under the symbol “GAINO.”
| Table 3: Summary Table for Series B Term Preferred Stock cash distributions: | |||||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| April 20 | April 22 | May 2 | $ | 0.140625 | |
| May 17 | May 19 | May 31 | $ | 0.140625 | |
| June 15 | June 17 | June 30 | $ | 0.140625 | |
| Total for the Quarter: | $ | 0.421875 | |||
Series C Term Preferred Stock: $0.135417 per share of the Company’s 6.50% Series C Cumulative Term Preferred Stock (“Series C Term Preferred Stock”) for each of April, May and June, 2016, payable per Table 4 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol “GAINN.”
| Table 4: Summary Table for Series C Term Preferred Stock cash distributions: | |||||
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| April 20 | April 22 | May 2 | $ | 0.135417 | |
| May 17 | May 19 | May 31 | $ | 0.135417 | |
| June 15 | June 17 | June 30 | $ | 0.135417 | |
| Total for the Quarter: | $ | 0.406251 | |||
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstoneinvestment.com.
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
For further information: Gladstone Investment Corporation, +1-703-287-5893