Gladstone Capital Corp 7.125% Term Preferred Stock 2016 Monthly Pay
By: Tim McPartland,
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GLADP
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 12/30/2011
Monthly Dividend .148 Annual Dividend 1.781
Securities may be redeemed, at the issuers option, as early as 12/31/2012 the call price is $25 plus accrued dividends plus a 1% premium, reduced to 1/2% premium on 12/31/2013 and no premium after that date.
Dividend Payment Will NOT BE Qualified Distributions. Preferred stock dividends of business development companies (BDC’s) are not eligible for the qualified tax rate. Because the BDC generally pays no federal taxes (if they follow the rules) there is no incremental tax break for the individual holders.
Maturity Date 12/31/2016
Company Investor Relations Page for Gladstone Capital Corp
Below you can find the offering Prospectus and Final Pricing Document
