Gladstone Capital Executes Strategic Debt Refinancing and Rewards Shareholders

Gladstone Capital is implementing a dual-pronged financial strategy, simultaneously rewarding its income-focused investors with a special dividend payment while aggressively restructuring its debt obligations. This coordinated move demonstrates the business development company’s focused approach to capital management.

The company has declared a special cash dividend of $0.10 per share, scheduled for distribution on September 29. To qualify for this extraordinary payment, shareholders must hold the stock through tomorrow’s ex-dividend date.

This supplemental distribution runs concurrently with Gladstone’s regular monthly dividend program. Shareholders will receive $0.165 per share for September, with payment set for September 30 and the record date also falling today. The company maintained its $0.165 monthly distributions for July and August as well.

Comprehensive Debt Restructuring Initiative

While... Read more...