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): October 11, 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 October 11, 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, 6.75% Series B Cumulative Term Preferred Stock and 6.50% Series C Cumulative Term Preferred Stock for each of October, November and December 2016 and cash distributions for the Company’s 6.25% Series D Cumulative Term Preferred Stock consisting of a combined distribution for a prorated period from and including the issuance date (September 26, 2016) to and including September 30, 2016, plus the full month of October 2016, and full regular monthly cash distributions for each of November and December 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 October 11, 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: October 11, 2016 | By: | /s/ Julia Ryan |
| Julia Ryan | ||
| Chief Financial Officer and Treasurer | ||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Gladstone Investment Corporation, dated October 11, 2016. |
EXHIBIT 99.1
Gladstone Investment Announces Cash Distributions for October, November and December, 2016 and Second Fiscal Quarter Earnings Release and Conference Call Dates
MCLEAN, Va., Oct. 11, 2016 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) announced today that its board of directors declared the following monthly cash distributions and also announced its plan to report earnings for the second fiscal quarter ended September 30, 2016.
Common Stock: $0.0625 per share of common stock for each of October, November and December, 2016, payable per the table below. The Company has paid 135 consecutive monthly cash distributions on its common stock.
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| October 19 | October 21 | October 31 | $ | 0.0625 | |
| November 15 | November 17 | November 30 | $ | 0.0625 | |
| December 16 | December 20 | December 30 | $ | 0.0625 | |
| Total for the Quarter: | $ | 0.1875 | |||
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 October, November and December, 2016, payable per the table below. The Series B Term Preferred Stock trades on the NASDAQ under the symbol “GAINO.”
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| October 19 | October 21 | October 31 | $ | 0.140625 | |
| November 15 | November 17 | November 30 | $ | 0.140625 | |
| December 16 | December 20 | December 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 October, November and December, 2016, payable per the table below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol “GAINN.”
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| October 19 | October 21 | October 31 | $ | 0.135417 | |
| November 15 | November 17 | November 30 | $ | 0.135417 | |
| December 16 | December 20 | December 30 | $ | 0.135417 | |
| Total for the Quarter: | $ | 0.406251 | |||
Series D Term Preferred Stock: $0.15190972 per share of the Company’s 6.25% Series D Cumulative Term Preferred Stock (“Series D Term Preferred Stock”) for the prorated period from and including the issuance date (September 26, 2016) to and including September 30, 2016, plus the full month of October 2016, and $0.13020833 per share of the Series D Term Preferred Stock for each of November and December 2016, payable per the table below. The Term Preferred Stock trades on the NASDAQ under the symbol “GAINM.”
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | ||
| October 19 | October 21 | October 31 | $ | 0.15190972 | |
| November 15 | November 17 | November 30 | $ | 0.13020833 | |
| December 16 | December 20 | December 30 | $ | 0.13020833 | |
| Total for the Quarter: | $ | 0.41232638 | |||
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstoneinvestment.com.
Earnings Announcement:
The Company also announced today that it plans to report earnings after the stock market closes on Wednesday, November 2, 2016, for the second quarter ended September 30, 2016. The Company will hold a conference call on Thursday, November 3, 2016 at 8:30 a.m. EDT to discuss its earnings results. Please call (855) 376-7516 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available beginning one hour after the call and will be accessible through December 3, 2016. To hear the replay, please dial (855) 859-2056 and use playback conference number 46685375.
The live audio broadcast of the Company’s conference call will be available online at www.gladstoneinvestment.com. The event will be archived and available for replay on the Company’s website through January 3, 2017.
If you have questions prior to or following the earnings release you may e-mail them to info@gladstonecompanies.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