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September 21, 2017 By   Tim McPartland Business Development Company (BDC) Gladstone Capital (NASDAQ: GLAD) has sold a new term preferred with mandatory redemption in 2024. Proceeds from this new issue will be used to redeem the 6.75% term preferred (NASDAQ: GLADO) that became optionally redeemable in June. We should note that we hold GLADO in some of our portfolios,…

Date Issued 9/20/2017 Shares Issued  1,800,000   Over-allotment Shares  270,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   GLADN    OTC Temporary Ticker   GDDLV Market Traded ON   NASDAQ Dividend Payment Paid on the last day of the month beginning on 10/31/2017 Monthly Dividend   .125   Annual Dividend   1.50 Securities may be redeemed, at the issuers option, as…

Date Issued   9/15/2017 Shares Issued  11,000,000     Overallotment Shares  1,650,000 S&P Rating   NR    Moodys Rating   NR Security Ticker Symbol   CLNS-J   OTC Temporary Ticker   CNYYP Market Traded ON   NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 01/15/2018 Quarterly Dividend   .445   Annual Dividend   1.781 Securities may be redeemed,…

Date Issued   9/11/2017 Shares Issued 4,000,000  Overallotment  600,000 Security Ticker Symbol   UBP-H  OTC Grey Market  URRDP Market Traded ON   NYSE Dividend Payment Paid on the last day of January, April, July and October beginning on 10/31/2017 Quarterly Dividend   .391   Annual Dividend   1.563 Securities may be redeemed, at the issuers option, as early as 10/24/2022  the call price is $25 plus accrued…

Two real estate investment trusts (REITs) are currently rewarding their shareholders with rising dividends and dividend yields of more than 2.4%. In addition to the rising dividends, share prices of both REITs rose to provide asset appreciation to shareholders, which converted to double-digit percentage total returns over the past 12 months. Over the past three years, the companies achieved total…