Gladstone Investment (GAIN) Declares Monthly Distributions
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Gladstone Investment Corp. (NASDAQ: GAIN) declared monthly distributions of $0.08 per common share for each of the months of July, August and September of 2008. Monthly distributions will be payable as set at in the table below. The monthly distributions equate to a quarterly distribution of $0.24 and an annual distribution of $0.96 at the current rate.
(NOTE - At $0.96 per year, the current annual yield is 15.7%)
Gladstone Investment Corporation was primarily established for the purpose of investing in subordinated loans, mezzanine debt, preferred stock and warrants to purchase common stock of small and medium-sized companies in connection with buyouts and other recapitalizations. [SM]
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