MCLEAN, Va., Oct. 10, 2012 /PRNewswire/ --Â Gladstone Capital Corporation (NASDAQ: GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions:
(Logo:Â 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.      Â
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
SOURCE Gladstone Capital Corporation