MCLEAN, Va., July 5, 2012 /PRNewswire/ -- Gladstone Investment
Corporation (NASDAQ: GAIN) ("Gladstone Investment") announced today
that on Tuesday, July 3, 2012, it
invested $22.5 million through a
combination of debt and equity in Ginsey Holdings, Inc., dba Ginsey
Home Solutions ("Ginsey" or the "Company"). Gladstone Investment,
together with certain members of Ginsey's executive management
team, provided the capital to support the recapitalization and
change of ownership of the business. Ginsey designs and markets a
broad line of branded juvenile and adult bath products.
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"Gladstone Investment is excited about partnering with this
talented and experienced management team. We look forward to
participating in the Company's continued growth by building on the
success and momentum the management team has developed during the
past few years," said Dave Dullum,
President of Gladstone Investment.
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 84 consecutive
monthly cash distributions on its common stock. 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.
The statements in this press release regarding the equity
return potential resulting from continued growth of the Company, by
building on the success and momentum the management team has
developed during the past couple years and other such statements
are "forward-looking statements." These forward-looking statements
inherently involve certain risks and uncertainties, although they
are based on Gladstone Investment's current plans that are believed
to be reasonable as of the date of this press release. Factors that
may cause Gladstone Investment's actual results to differ from
these forward-looking statements include, among others, the
duration and effects of current economic instability, its ability
to access debt and equity capital and those factors listed under
the caption "Risk Factors" of its registration statement on Form
N-2 (file No. 333-181879), filed with the SEC on June 4, 2012 (the "Form N-2"), and its Annual
Report on Form 10-K for the year ended March
31, 2012, filed with the SEC on May
21, 2012 (the "Form 10-K"). The risk factors set forth in
the Form N-2 and Form 10-K under the caption "Risk Factors" are
specifically incorporated by reference into this press release.
Gladstone Investment undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Gladstone Investment Corporation
