Gladstone Capital Corporation Declares Monthly Cash Distributions
July 14, 2021 at 01:40 am IST
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Gladstone Capital Corporation announced that its board of directors declared monthly cash distributions of $0.065 per share for July 2021, August 2021 and September 2021. Cash record dates are July 23, 2021August 23, 2021and September 22, 2021 respectively. Payment dates are July 23, 2021, August 31, 2021 and September 30, 2021.
Gladstone Capital Corporation is a closed-end, non-diversified management investment company. The Companyâs investment objectives are to: achieve and grow current income by investing in debt securities of established lower middle market companies (which generally define as companies with annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $3 million to $15 million) in the United States that will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit to sell its equity investments for capital gains. It focuses on investing in lower middle market companies. The Company externally managed by Gladstone Management Corporation (the Adviser).