Exhibit 99.1
Gladstone Capital Announces Monthly Cash Distributions for
April, May and June 2024 and Conference Call Date
MCLEAN, VA, April 9, 2024 – Gladstone Capital Corporation (Nasdaq: GLAD) (the “Company”) announced today that its board of directors declared the following monthly cash distributions for April, May and June 2024 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2024.
Cash Distributions:
Common Stock: $0.165 per share of common stock for each of April, May and June 2024, payable per the table below. This amount reflects the doubling of the dividend as a result of the 1-for-2 reverse stock split announced last week.
| Record Date |
Payment Date | Cash Distribution | ||||||
| April 19 |
April 30 | $ | 0.165 | |||||
| May 17 |
May 31 | $ | 0.165 | |||||
| June 19 |
June 28 | $ | 0.165 | |||||
|
|
|
|||||||
| Total for the Quarter: |
|
$ | 0.495 | |||||
|
|
|
|||||||
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com.
Series A Preferred Stock (Unlisted): $0.130208 per share of 6.25% Series A Cumulative Redeemable Preferred Stock for each of April, May and June 2024, payable per the table below:
| Record Date |
Payment Date | Cash Distribution | ||||||
| April 22 |
May 3 | $ | 0.130208 | |||||
| May 23 |
June 5 | $ | 0.130208 | |||||
| June 25 |
July 5 | $ | 0.130208 | |||||
|
|
|
|||||||
| Total for the Quarter: |
|
$ | 0.390624 | |||||
|
|
|
|||||||
Earnings Announcement:
The Company also announced today that it plans to report earnings for the second fiscal quarter ended March 31, 2024, after the stock market closes on Wednesday, May 1, 2024. The Company will hold a conference call Thursday, May 2, 2024 at 8:30 a.m. ET to discuss its earnings results. Please call (866) 424-3437 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through May 9, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744826.
The live audio broadcast of the Company’s conference call will be available online at www.gladstonecapital.com. The event will be archived and available for replay on the Company’s website.
If you have questions prior to or following the earnings release you may e-mail them to capital@gladstonecompanies.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 lower middle market businesses in the United States. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
Investor Relations Inquiries: Please visit www.gladstonecompanies.com or (703) 287-5893.
Source: Gladstone Capital Corporation