Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
19 September 2016 - 11:10PM
Edgar (US Regulatory)
Filed pursuant to Rule 497
File No. 333-204996
Rule 482 ad
Gladstone Investment Corporation Prices Preferred Stock Offering
MCLEAN, VA., September 19, 2016 (GLOBE NEWSWIRE) Gladstone Investment Corporation (NASDAQ: GAIN) (the Company) today announced that it
has entered into an agreement to sell 2,000,000 shares of its newly designated 6.25% Series D Cumulative Term Preferred Stock due 2023 (the Series D Term Preferred Shares) at a public offering price of $25.00 per share, raising
$50.0 million in gross proceeds and approximately $48.2 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company. The Company has also granted the
underwriters a 30-day option to purchase 300,000 additional Series D Term Preferred Shares on the same terms and conditions solely to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions and the
shares are expected to be delivered on or about September 26, 2016. The Series D Term Preferred Shares will have a seven-year term, unless earlier redeemed by the Company. The Company anticipates its Series D Term Preferred Shares will trade on
the NASDAQ Global Select Market under the symbol GAINM.
Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc., a subsidiary
of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), are serving as joint book-running managers. J.J.B. Hilliard, W.L. Lyons, LLC and Wunderlich Securities, Inc. are serving as co-lead managers of the offering. William Blair &
Company, L.L.C. and Maxim Group LLC are serving as co-managers of the offering.
The Company intends to use the net proceeds from this offering to redeem
outstanding shares of its 7.125% Series A Cumulative Term Preferred Stock, to pay down debt under its revolving line of credit 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. A prospectus
supplement dated September 19, 2016, which will be filed with the Securities and Exchange Commission, and the accompanying prospectus, dated July 28, 2016, which has 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
Companys effective shelf registration filed with the Securities and Exchange Commission (File No. 333-204996).
To obtain a copy of the prospectus supplement for this offering and the accompanying prospectus, please contact: Janney
Montgomery Scott LLC, 1717 Arch Street, Philadelphia, PA, 19103, Attention: Taxable Fixed Income Department 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 small and medium-sized businesses in the United States in connection with acquisitions, changes in control and
recapitalizations. The Company has paid 134 consecutive monthly cash distributions on its common stock.
CONTACT: Investor Relations Inquiries: Please
call +1-703-287-5893
Gladstone Investment Corp. - 7.125% Series A Term Preferred Stock (MM) (NASDAQ:GAINP)
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Gladstone Investment Corp. - 7.125% Series A Term Preferred Stock (MM) (NASDAQ:GAINP)
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