The Gladstone Investment Co. 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company organized under the Investment Company Act of 1940. These notes carry a fixed interest rate of 5.00% per annum, payable semiannually, and will mature in 2026 under the terms of an indenture between the issuer and the trustee. They rank equally with all existing and future unsecured and unsubordinated indebtedness of the company.
Gladstone Investment Corporation provides debt and equity financing solutions to middle-market companies across a variety of industry sectors in the United States. The firm focuses on leveraged buyouts, growth capital investments and recapitalizations for businesses that generate stable cash flows. Through a diversified portfolio strategy, it aims to deliver consistent income and potential capital appreciation for its shareholders.
Proceeds from the issuance of the 5.00% notes are intended for general corporate purposes, which may include funding new or existing portfolio investments, refinancing outstanding indebtedness and supporting ongoing operations. Day-to-day investment management is overseen by Gladstone Management Corporation, the company’s internal advisor, with leadership provided by President and Chief Executive Officer Nicholas D. Frank. An independent board of directors and a dedicated investment committee provide governance and strategic oversight.
Traded on the NASDAQ Capital Market under the symbol “GAINN,” these notes are governed by an indenture that outlines customary covenants, events of default and other provisions for noteholder protection. Investors in the notes gain exposure to the credit profile of a regulated business development company focused on the U.S. lower middle-market segment.
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