Gladstone Investment Corporation Announces Sale of 395,825 Additional Shares of Common Stock Pursuant to Exercise of Underwriter's Over-Allotment Option
MCLEAN, Va., Nov. 6, 2012 /PRNewswire/ -- Gladstone Investment Corporation (GAIN) (the "Company") today announced that, in connection with the offering of its common stock, par value $0.001 per share (the "Common Stock"), completed on October 5, 2012, the underwriters have purchased an additional 395,825 shares of Common Stock by exercising a portion of their over-allotment option. The Company received approximately $2.8 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount. Jefferies & Company, Inc. served as the sole book-running manager for the offering. Janney Montgomery Scott LLC served as joint lead manager and J.J.B. Hilliard, W.L. Lyons, LLC, Ladenburg Thalmann & Co. Inc. and Wunderlich Securities, Inc. served as co-managers for this offering.
The Company intends to use the net proceeds from the sale of these additional shares to repay existing short-term debt under its revolving credit facility and then to make investments in small- and mid-sized businesses in accordance with its investment objectives and strategies, with any remaining proceeds to be used for general corporate purposes.
To obtain a copy of the prospectus and the final prospectus supplement for this offering, please contact: Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, Attention: Equity Syndicate Prospectus Department or (877) 547-6340 or email@example.com.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company has paid 88 consecutive monthly cash distributions on its common stock, in addition to a bonus dividend paid on its Common Stock in March 2012. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
SOURCE Gladstone Investment Corporation