Gladstone Capital Corporation Announces Proxy Statement Filing and Conference Call Date to Discuss Proxy Proposals
MCLEAN, Va., Dec. 29, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) (the “Company”) announced today that it will hold a conference call on Thursday, January 7, 2016, at 9:00 a.m. EST to discuss the matters scheduled for a vote at this year's annual stockholders meeting to be held on Thursday, February 11, 2016.
On Friday, December 11, 2015, the Company's definitive proxy statement for the annual stockholders meeting was filed with the Securities and Exchange Commission (the “SEC”) and mailed to stockholders of record on Monday, December 7, 2015.
The matters scheduled for a vote at the annual meeting, as described in the proxy statement, are as follows:
(1) To elect three directors, Paul W. Adelgren, David Gladstone and John H. Outland, to be elected by the holders of common stock and preferred stock, voting together as a single class, with each such director to serve until the 2019 Annual Meeting of Stockholders or until his successor is elected and qualified;
(2) To approve a proposal to authorize the Company, with the approval of its Board of Directors, to issue and sell shares of common stock (during the next 12 months) at a price below its then current net asset value per share, subject to certain limitations set forth herein (including, without limitation, that the number of shares issued and sold pursuant to such authority does not exceed 25% of the Company’s outstanding common stock immediately prior to each such sale); and
(3) To transact such other business as may properly come before the meeting or any adjournment or postponement thereof.
The proxy statement describing the proposals is available on the Company's website at www.GladstoneCapital.com, and is also available at the SEC's website at www.sec.gov Stockholders may also access the proxy statement at www.proxyvote.com using the Company number and proxy control number printed on their proxy cards.
Stockholders will have an opportunity to ask questions regarding the proposals during the conference call referenced above, which will take place on January 7, 2016. You may call (855) 465-0177 to enter the conference, and an operator will monitor the call and set a queue for questions.
A conference call replay will be available beginning one hour after the call and will be available through the date of the annual meeting, Thursday, February 11, 2016. To hear the replay, please dial (855) 859-2056 and conference number 30937848.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt securities consisting primarily of secured first and second lien term loans to small and medium sized businesses in the United States. Including payments paid through November 2015, the Company will have paid 146 consecutive monthly cash distributions on its common stock. Before the Company started paying monthly distributions, the Company paid eight consecutive quarterly cash distributions on its common stock. 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, +1-703-287-5893
Released December 29, 2015