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GLAD: ANNOUNCES UNCHANGED DIVIDEND FOR IQ 2010

|Includes: Gladstone Capital (GLAD)

Gladstone Capital Corporation Announces Monthly Cash Distributions for January, February and March – Yahoo! Finance.

Gladstone Capital (NASDAQ:GLAD) announced its monthly dividends for the next 3 months. The distribution is unchanged at $0.07 a month.

Nonetheless, we continue to be concerned about the sustainability of the dividend in the rest of 2010 as recapitalization and higher bad debts could make maintenance of the current dividend level untenable.



Disclosure: No Position: GLAD