EXHIBIT 99.1
Gladstone Capital Announces Monthly Cash Distributions for October, November and December, 2016
MCLEAN, Va., Oct. 11, 2016 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) (the “Company”) announced today that its board of directors declared the following monthly cash distributions for October, November, and December of 2016.
Cash Distributions:
Common Stock: $0.07 per share of common stock for each of October, November and December, 2016, payable per the table below. The Company has paid 156 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid eight consecutive quarterly common stock cash distributions.
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | |||||
| October 19 | October 21 | October 31 | $ | 0.07 | ||||
| November 15 | November 17 | November 30 | $ | 0.07 | ||||
| December 16 | December 20 | December 30 | $ | 0.07 | ||||
| Total for the Quarter: | $ | 0.21 | ||||||
Term Preferred Stock: $0.140625 per share of the Company’s 6.75% Series 2021 Term Preferred Stock (“Term Preferred Stock”) for each of October, November and December, 2016, payable per the table below. The Term Preferred Stock trades on the NASDAQ under the symbol “GLADO.”
| Ex-Dividend Date | Record Date | Payment Date | Cash Distribution | |||||
| October 19 | October 21 | October 31 | $ | 0.140625 | ||||
| November 15 | November 17 | November 30 | $ | 0.140625 | ||||
| December 16 | December 20 | December 30 | $ | 0.140625 | ||||
| Total for the Quarter: | $ | 0.421875 | ||||||
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities consisting primarily of secured first and second lien term loans to small and medium sized businesses in the United States. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
For further information: Gladstone Capital Corporation, 703-287-5893