MCLEAN, Va., Oct. 10, 2012 /PRNewswire/ -- Gladstone Capital Corporation (NASDAQ: GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions:
(Logo: http://photos.prnewswire.com/prnh/20101005/GLADSTONECAPITAL )
$0.07 per common share for each of October, November and December 2012, payable per Table 1 below. The Company has paid 108 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid eight consecutive quarterly cash distributions.
Table 1: Summary table for common stock cash distributions for the quarter ending December 31, 2012:
Declaration Date
Ex-Dividend Date
Record Date
Payment Date
Cash Distribution
October 10
October 18
October 22
October 31
$0.07
October 10
November 15
November 19
November 30
$0.07
October 10
December 17
December 19
December 31
$0.07
Total for the Quarter:
$0.21
In accordance with Section 855(a) of the Internal Revenue Code, the Company elects to treat a portion of the common distributions to be paid during the quarter ending December 31, 2012 as having been paid during the fiscal tax year ended September 30, 2012.
$0.1484375 per share of the Company's 7.125% Series 2016 Term Preferred Stock ("Term Preferred Stock") for each of October, November and December 2012, payable per Table 2 below. The Term Preferred Stock trades on the NASDAQ under the symbol "GLADP."
Table 2: Summary table for Term Preferred Stock cash distributions for the quarter ending December 31, 2012:
Declaration Date
Ex-Dividend Date
Record Date
Payment Date
Cash Distribution
October 10
October 18
October 22
October 31
$0.1484375
October 10
November 15
November 19
November 30
$0.1484375
October 10
December 17
December 19
December 31
$0.1484375
Total for the Quarter:
$ 0.4453125
The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt securities consisting primarily of senior term loans, second term lien loans, and senior subordinate term loans in small and medium-sized businesses in the United States. 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.
SOURCE Gladstone Capital Corporation
