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 (NASDAQ: 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.
(Logo:
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)
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
prospectus_department@jefferies.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
