Gladstone Investment Corporation Prices Preferred Stock Offering

MCLEAN, Va., (GLOBE NEWSWIRE) – May 6, 2015 – Gladstone Investment Corporation (Nasdaq:GAIN) (the “Company”) today announced that it has entered into an agreement to sell 1,400,000 shares of its newly designated 6.50% Series C Cumulative Term Preferred Stock Due 2022 (the “Series C Term Preferred Shares”) at a public offering price of $25.00 per share, raising $35.0 million in gross proceeds and approximately $33.5 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company. The Company has also granted the underwriters a 30-day option to purchase 210,000 additional Series C Term Preferred Shares on the same terms and conditions solely to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about May 12, 2015. The Series C Term Preferred Shares will have a seven-year term, unless earlier redeemed by the Company. The Company anticipates its Series C Term Preferred Shares will trade on the NASDAQ Global Select Market under the symbol GAINN.

Maxim Group served as a co-manager for Gladstone Investment’s $35.0 million preferred stock offering.

http://ir.gladstoneinvestment.com/releasedetail.cfm?ReleaseID=911450

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