News Room

Gladstone Investment Corporation Acquires J.R. Hobbs

MCLEAN, Va., Feb. 21, 2017 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (“Gladstone Investment”) announced today that on February 17, 2017, it partnered with members of executive management in the buyout of J.R. Hobbs Co. (“J.R. Hobbs”).  Gladstone Investment provided equity and senior secured debt to complete the transaction.  Headquartered outside of Atlanta, GA, J.R. Hobbs is a market-leading mechanical solutions company providing design-build systems and services for commercial and multi-unit buildings in the Southeast region of the United States. Founded in 1971, J.R. Hobbs has developed an impressive reputation for quality based on the integrity of its work, processes, and people.

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Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2016

MCLEAN, Va., Feb. 06, 2017 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) today announced earnings for its third quarter ended December 31, 2016.  Please read the Company’s Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the “SEC”), which can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.gladstoneinvestment.com.

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Gladstone Investment Corporation Earnings Call and Webcast Information

MCLEAN, Va., Feb. 02, 2017 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) announces the following event:

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Gladstone Investment Announces Cash Distributions for January, February and March 2017 and Third Fiscal Quarter Earnings Release and Conference Call Dates

MCLEAN, Va., Jan. 10, 2017 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company” or “GAIN”) announced today that its board of directors declared the following monthly cash distributions and also announced its plan to report earnings for the third fiscal quarter ended December 31, 2016.

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Gladstone Investment Corporation is Pleased to Announce the Sale of One of its Portfolio Companies, Behrens Manufacturing, LLC

MCLEAN, Va., Dec. 27, 2016 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (“Gladstone Investment”) announced today the sale of its equity interest and the prepayment of its debt investment in Behrens Manufacturing, LLC (“Behrens”) on December 19, 2016, to private equity firm, Mill City Capital, L.P. As a result of this transaction, Gladstone Investment realized a significant capital gain on its equity investment.

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Gladstone Investment Corporation Announces Amendment to its Credit Facility

MCLEAN, VA, November 17, 2016 — Gladstone Investment Corporation (NASDAQ: GAIN; the “Company”) announced today that on November 16, 2016, the Company, through its wholly-owned subsidiary, Gladstone Business Investment, LLC, entered into Amendment No. 2 to its Fifth Amended and Restated Credit Agreement (the “Credit Facility”) with Keybank National Association, Alostar Bank of Commerce, Manufacturers and Traders Trust, East West Bank, Chemical Bank (as successor in interest to Talmer Bank and Trust), and Customers Bank.  The amendment follows the successful issuance of $57.5 million of 6.25% Series D Cumulative Term Preferred Stock, due 2023, in September 2016, the proceeds of which significantly exceeded the redemption payment of $40.0 million made on September 30, 2016 for the Company’s 7.125% Series A Cumulative Term Preferred Stock, due 2017. The Company’s availability under its previous revolving line of credit was approximately $80 million prior to the amendment and approximately $102 million following the completion of the amendment.

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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.

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Gladstone Investment Corporation Announces Closing of Offering of 2,300,000 Shares of its 6.25% Series D Cumulative Term Preferred Stock for Gross Proceeds of Approximately $57.5 million

MCLEAN, Va., Sept. 26, 2016 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) today announced that it closed its previously announced offering of 2,000,000 shares of its newly-designated 6.25% Series D Cumulative Term Preferred Stock due 2023 (the “Series D Term Preferred Shares”) at a public offering price of $25.00 per share.  Simultaneously with the closing of the offering, the underwriters exercised in full their option to purchase an additional 300,000 Series D Term Preferred Shares on the same terms to cover over-allotments, resulting in a total issuance of 2,300,000 shares for gross proceeds of approximately $57.5 million and net proceeds of approximately $55.5 million, after payment of underwriting discounts and commissions and estimated offering expenses.

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Gladstone Investment Corporation Announces Conditional Redemption of Series A Preferred Stock

MCLEAN, Va., Sept. 19, 2016 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) today announced the conditional redemption of all 1,600,000 outstanding shares of its 7.125% Series A Cumulative Term Preferred Stock.  This optional redemption in full is contingent upon the closing of an offering of the Company’s newly designated 6.25% Series D Cumulative Term Preferred Stock due 2023 on or prior to September 30, 2016, with gross proceeds to the Company equal to at least $40 million, which equals the aggregate liquidation preference of the outstanding Series A Preferred Stock.  The Company may waive the contingency with respect to the redemption, may authorize a partial redemption and may cancel the redemption at its sole discretion.

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Gladstone Investment Corporation Prices Preferred Stock Offering

MCLEAN, Va., Sept. 19, 2016 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”) today announced that it has entered into an agreement to sell 2,000,000 shares of its newly designated 6.25% Series D Cumulative Term Preferred Stock due 2023 (the “Series D Term Preferred Shares”) at a public offering price of $25.00 per share, raising $50.0 million in gross proceeds and approximately $48.2 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company. The Company has also granted the underwriters a 30-day option to purchase 300,000 additional Series D Term Preferred Shares on the same terms and conditions solely to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about September 26, 2016. The Series D Term Preferred Shares will have a seven-year term, unless earlier redeemed by the Company. The Company anticipates its Series D Term Preferred Shares will trade on the NASDAQ Global Select Market under the symbol “GAINM.”

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