Gladstone Investment Corporation Announces Common Stock Offering
May 08 2017 - 3:07PM
Gladstone Investment Corporation (NASDAQ:GAIN) (the “Company”)
today announced that it plans to sell shares of common stock in an
underwritten public offering. The Company also plans to grant the
underwriters a 30-day option to purchase additional shares of
common stock on the same terms and conditions solely to cover
over-allotments, if any. Janney Montgomery Scott LLC and Ladenburg
Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSE MKT:LTS), are serving as the
offering’s joint book-running managers, William Blair &
Company, L.L.C., Wunderlich Securities, Inc. and Maxim Group LLC
are serving as co-lead managers and BB&T Capital Markets, a
division of BB&T Securities, LLC, Nomura Securities
International, Inc., J.J.B. Hilliard, W.L. Lyons, LLC and Wedbush
Securities Inc. are serving as co-managers.
The Company intends to use the net proceeds from this offering
to repay outstanding borrowings under its revolving credit facility
and for other general corporate purposes.
Investors are advised to carefully consider the
investment objectives, risks and charges and expenses of the
Company before investing. The preliminary prospectus supplement,
dated today, and the accompanying prospectus, dated July 28, 2016,
which have been filed with the Securities and Exchange Commission,
contain this and other information about the Company and should be
read carefully before investing.
The offering is being conducted as a public offering under the
Company’s effective shelf registration filed with the Securities
and Exchange Commission (File No. 333-204996).
To obtain a copy of the preliminary prospectus
supplement for this offering and the accompanying prospectus,
please contact: Janney Montgomery Scott LLC, 60 State Street,
Boston, MA 02109, Attention: Equity Capital Markets Group or
prospectus@janney.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
About Gladstone Investment Corporation:
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in lower middle market businesses in the United States in
connection with acquisitions, changes in control and
recapitalizations. The Company has paid 142 consecutive monthly
cash distributions on its common stock.
CONTACT: Investor Relations Inquiries: Please
call +1-703-287-5893.
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