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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 3:32 AM

Slide #405. Gladstone Capital Corporation Preferred Stock Offering

Company: Gladstone Capital Corporation (NASDAQ:GLAD)
Date announced: 5/12/2014
Shares Offered: 2,200,000
Date of Pricing: 5/14/2014
Price Per Share: $25.00
Preferred Stock Offering Details: Gladstone Capital Corporation announced that it plans to sell shares of its newly designated Series 2021 Term Preferred Shares (the "Series 2021 Term Preferred Shares") in an underwritten public offering. The public offering price and other terms are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of the Series 2021 Term Preferred Shares on the same terms and conditions to cover over-allotments, if any. Janney Montgomery Scott LLC and Sterne, Agee & Leach, Inc. are serving as joint book-running managers. J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities, Inc., LLC, Boenning & Scattergood, Inc., Ladenburg Thalmann & Co. Inc. and Maxim Group LLC are serving as co-managers for the offering.

Gladstone Capital is an externally managed, closed-end, non-diversified management investment company. Co.'s investment objectives are to achieve and grow existing income by investing in debt securities of lower middle market companies (define as companies with annual earnings before interest, taxes, depreciation and amortization of $3,000,000 to $15,000,000) in the U.S.; and provides its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, in connection with its debt investments.

Preferred: GLADP


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Name: 
Gladstone Capital Corp
Website: 
www.gladstonecapital.com
Sector: 
Investment Companies & Venture Capital
Number of ETFs Holding GLAD: 
1 (see which ones)
Total Market Value Held by ETFs: 
$6,343,181
Total Market Capitalization: 
$399,000,000
% of Market Cap. Held by ETFs: 
1.59%
 

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