Gladstone Capital Declares $0.40 Supplemental Distribution

Gladstone Capital Corporation (NASDAQ:GLAD) announced a supplemental cash distribution of $0.40 per share for common stockholders. This payment, detailed to take place in December 2024, highlights the company's financial maneuvers, following a key transaction.

The record date for this distribution is set for December 4, with payment scheduled for December 18. This announcement follows the sale of Gladstone Capital's equity interest and prepayment of debt in Antenna Research Associates, leading to a significant gain.

Bob Marcotte, President, emphasized the company's commitment to rewarding shareholders, thanks to the substantial capital gain from this transaction. The firm also offers a dividend reinvestment plan for its stakeholders.

Gladstone Capital focuses on investing in secured loans to lower middle market firms in the U.S., aiming to generate steady returns for its investors.