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Non-Tech : Income Investing

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From: brehm233

12/13/2024 11:24:58 AM

4 Recommendations of 52117

Gladstone Investment Corp 7.875% Notes Due 12/01/2030
Ticker Symbol: GAINT CUSIP: 376546867 Exchange: NGS
Security Type: Exchange-Traded Debt Security

The 7.875% Notes Due 2030s were issued on 12/10/2024 and are expected to begin trading on the Nasdaq Global Select within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

QUANTUMONLINE.COM SECURITY DESCRIPTION: Gladstone Investment Corp 7.875% Notes Due 2030, redeemable at the issuer's option on or after 02/012027 at $25 per note plus accrued and unpaid interest, and maturing 02/01/2030. Interest distributions of 7.875% per annum ($1.96875 per annum or $0.4921875 per quarter) will be paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 (NOTE: the ex-dividend date is the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.

Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest.

This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB- by Egan-Jones Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

NGS
Chart

7.88%
$1.96875

$25.00
$25.00

2/01/2027
2/01/2030

NR NR
12/11/2024

2/1, 5/1, 8/1 & 11/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Stock
Exchange Cpn Rate
Ann Amt LiqPref
CallPrice Call Date
Matur Date Moodys/S&P
Dated Distribution Dates 15%
Tax Rate

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