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Gladstone Capital Q3 Earnings Call Highlights
['Tristan Rich']
Markets Daily
Gladstone Capital declared monthly common-stock distributions of $0.15 per share for August and September, equivalent to an annualized distribution rate of $1.80 per share.
Since quarter-end, Gladstone Capital received an anticipated $12 million prepayment from Imperative, eliminating its exposure to the oil and gas sector.
About Gladstone Capital (NASDAQ:GLAD)Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies.
Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.
Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.