sur Gladstone Investment Corporation (NASDAQ:GAIN)
Gladstone Investment Announces $0.70 Supplemental Distribution to Common Stockholders
MCLEAN, VA / ACCESSWIRE / September 17, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) announced a supplemental cash distribution of $0.70 per share for common stockholders in October 2024. The record date for this distribution is October 4, 2024, with a payment date set for October 14, 2024.
In September 2024, the company exited its investment in Nth Degree, Inc. This exit resulted in a realized gain of $42.3 million and the repayment of its $25.0 million debt investment at par. David Dullum, President of Gladstone Investment, emphasized that the distribution underscores the strength of their buyout strategy.
The board is also scheduled to meet on October 8 to declare monthly distributions for the fourth quarter of 2024. The company offers a dividend reinvestment plan (DRIP) to its shareholders, detailed on their website.
R. H.
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