MCLEAN, Va., Aug. 1, 2012 /PRNewswire/ -- Gladstone Investment
Corporation (NASDAQ: GAIN) ("Gladstone Investment") announced today
that on Tuesday, July 31, 2012, it
invested $21.3 million through a
combination of debt and equity in Drew Foam Companies, Inc. ("Drew
Foam" or the "Company"). Gladstone Investment, together with
certain members of Drew Foam's executive management team, provided
the capital to support the acquisition of the business. Drew
Foam is an expanded polystyrene foam molder and fabricator for a
variety of applications in construction and packaging.
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"Gladstone Investment is excited about partnering with the
talented and experienced management team at Drew Foam, led by CEO
Bill Givens. We look forward
to the continued growth of the business and building on the success
of the management team over 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 85
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 as
amended by pre-effective amendment no. 1 to the registration
statement filed with the SEC on July 17,
2012 and declared effective by the SEC on July 26, 2012 (the "Form N-2"). The risk
factors set forth in the Form N-2 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
