Gladstone Capital Corporation
GLADSTONE CAPITAL CORP (Form: 8-K, Received: 04/11/2017 16:12:41)
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________

Form 8-K
______________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): April 11, 2017  

Gladstone Capital Corporation
(Exact Name of Registrant as Specified in Charter)

Maryland 814-00237
54-2040781
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)

 

1521 Westbranch Drive, Suite 100
McLean, Virginia
22102
(Address of Principal Executive Offices)  (Zip Code)

(703) 287-5800
(Registrant's telephone number, including area code)


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  [ ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

Item 7.01. Regulation FD Disclosure.

On April 11, 2017, Gladstone Capital Corporation (the “Company”) issued a press release, filed herewith as Exhibit 99.1, announcing that its board of directors declared monthly cash distributions for the Company’s common stock and 6.75% Series 2021 Term Preferred Stock for each of April, May and June 2017.  The Company also announced its intention to report earnings for its second fiscal quarter ended March 31, 2017, after the stock market closes on Wednesday, May 3, 2017.  The Company’s conference call to discuss earnings will be held on Thursday, May 4, 2017 at 8:30 a.m. EDT.

The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, and shall not be deemed incorporated by reference into any filings made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits.


Exhibit No.   Description
     
99.1   Press Release issued by Gladstone Capital Corporation on April 11, 2017. 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Gladstone Capital Corporation
     
     
Date: April 11, 2017 By:  /s/ Nicole Schaltenbrand        
    Nicole Schaltenbrand
    Chief Financial Officer & Treasurer
   


EXHIBIT INDEX

 

Exhibit No.   Description
   
99.1   Press Release issued by Gladstone Capital Corporation on April 11, 2017. 

Exhibit 99.1

Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2017 and Second Fiscal Quarter Earnings Release and Conference Call Dates

MCLEAN, Va., April 11, 2017 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) (the “Company”) announced today that its board of directors declared the following monthly cash distributions for April, May and June 2017 and also announced its plan to report earnings for the second fiscal quarter ended March 31, 2017.

Cash Distributions:

Common Stock: $0.07 per share of common stock for each of April, May and June 2017, payable per the table below. The Company has paid 162 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid eight consecutive quarterly common stock cash distributions.

Ex-Dividend Date  Record Date  Payment Date  Cash Distribution
April 19 April 21 April 28 $ 0.07
May 17 May 19 May 31 $ 0.07
June 19 June 21 June 30 $ 0.07
Total for the Quarter : $ 0.21

Term Preferred Stock: $0.140625 per share of the Company’s 6.75% Series 2021 Term Preferred Stock (“Term Preferred Stock”) for each of April, May and June 2017, payable per the table below. The Term Preferred Stock trades on the NASDAQ under the symbol “GLADO.”

Ex-Dividend Date  Record Date  Payment Date  Cash Distribution
April 19 April 21 April 28 $ 0.140625
May 17 May 19 May 31 $ 0.140625
June 19 June 21 June 30 $ 0.140625
Total for the Quarter : $ 0.421875

The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecapital.com.

Earnings Announcement:

The Company also announced today that it plans to report earnings for the second fiscal quarter ended March 31, 2017, after the stock market closes on Wednesday, May 3, 2017. The Company will hold a conference call Thursday, May 4, 2017 at 8:30 a.m. EDT to discuss its earnings results.  Please call (855) 465-0177 to enter the conference call.  An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through June 4, 2017.  To hear the replay, please dial (855) 859-2056 and use playback conference number 56272750.

The live audio broadcast of the Company’s conference call will be available online at www.gladstonecapital.com. The event will be archived and available for replay on the Company’s website through July 4, 2017.

If you have questions prior to or following the earnings release you may e-mail them to capital@gladstonecompanies.com. 

Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

For further information: Gladstone Capital Corporation, 703-287-5893