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): July 10, 2018  

Gladstone Investment Corporation
(Exact Name of Registrant as Specified in Charter)

Delaware814-0070483-0423116
(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)


(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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [   ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

 
 

Item 7.01. Regulation FD Disclosure.

On July 10, 2018, Gladstone Investment Corporation (the “Company”) issued a press release, filed herewith as Exhibit 99.1, announcing that the Company’s board of directors (the “Board”) declared monthly cash distributions for the Company’s common stock, 6.75% Series B Cumulative Term Preferred Stock, 6.50% Series C Cumulative Term Preferred Stock, and 6.25% Series D Cumulative Term Preferred Stock for each of July, August, and September 2018.

The information disclosed under this Item 7.01, including portions of Exhibit 99.1 attached hereto regarding 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 filing 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 July 10, 2018.


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: July 10, 2018By: /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 July 10, 2018.

EdgarFiling

EXHIBIT 99.1

Gladstone Investment Announces Monthly Cash Distributions and First Fiscal Quarter Earnings Release and Conference Call Dates

MCLEAN, Va., July 10, 2018 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) announced today that its board of directors declared the following monthly cash distributions to preferred and common stockholders and also announced its plan to report earnings for the first fiscal quarter ended June 30, 2018.

Common Stock: $0.067 per share of common stock for each of July, August, and September 2018, payable per the table below. The Company has paid 156 consecutive monthly cash distributions on its common stock.

     Record DatePayment DateCash Distribution
 July 20July 31$0.067
 August 21August 31$0.067
 September 19September 28$0.067
Total for the Quarter: $0.201
 

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 July, August, and September 2018, payable per the table below. The Series B Term Preferred Stock trades on the NASDAQ under the symbol “GAINO.”

     Record DatePayment DateCash Distribution
 July 20July 31$0.140625
 August 21August 31$0.140625
 September 19September 28$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 July, August, and September 2018, payable per the table below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol “GAINN.”

     Record DatePayment DateCash Distribution
 July 20July 31$0.135417
 August 21August 31$0.135417
 September 19September 28$0.135417
Total for the Quarter: $0.406251
 

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 July, August, and September 2018, payable per the table below. The Series D Term Preferred Stock trades on the NASDAQ under the symbol “GAINM.”

     Record DatePayment DateCash Distribution
 July 20July 31$0.13020833
 August 21August 31$0.13020833
 September 19September 28$0.13020833
Total for the Quarter: $0.39062499

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, August 1, 2018, for the first quarter ended June 30, 2018. The Company will hold a conference call on Thursday, August 2, 2018 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 August 9, 2018. To hear the replay, please dial (855) 859-2056 and use playback conference number 9879045.

The live audio broadcast of the Company’s conference call will be available online at www.gladstoneinvestment.com. The event will also be archived and available for replay on the Company’s website through October 2, 2018.

Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in lower middle market 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.

Source: Gladstone Investment Corporation
For further information: Gladstone Investment Corporation, +1-703-287-5893