Gladstone Investment

Gladstone Investment Corporation (common stock listed on NASDAQ: GAIN) is a publicly traded business development company (“BDC”) that pays monthly dividends to its stockholders and invests in small and medium sized private businesses, seeking to achieve returns from current income and capital gains through debt and equity investments.

Overview  |  Portfolio  |  Our Adviser

Gladstone Investment’s debt investments primarily consist of three types of loans to small and medium sized businesses in the United States: senior term loans, senior subordinated loans, and junior subordinated loans.  Loans range from $5 million to $30 million with terms of up to seven years.  Gladstone Investment’s equity investments typically take the form of preferred or common equity (or warrants to acquire the foregoing).  Historically, as Gladstone Investment has primarily been a buyout fund, it aims to maintain a portfolio consisting of approximately 80% debt investments and 20% equity investments, at cost.  In addition to its common stock, Gladstone Investment has issued a 7.125% Series A Cumulative Term Preferred Stock, which is also listed on NASDAQ under the symbol “GAINP.”

Gladstone Investment operates as a closed-end, non-diversified management investment company and has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940.

Our goals are to achieve and grow current income through our debt investments that will allow distributions to stockholders to grow over time and to provide stockholders with long term appreciation in the value of our assets by investing in equity securities that we believe can grow over time to permit us to sell our equity investments for capital gains.

We have three affiliate investment companies.  Gladstone Commercial Corporation is real estate investment trust that owns net leased industrial, commercial and retail property and selectively makes long-term industrial and commercial mortgage loans.  Gladstone Capital Corporation is a BDC that also invests in small and medium sized private businesses in the U.S., historically as a debt fund.  Gladstone Land Corporation is a real estate investment company that invests in farmland located in major agricultural markets in the U.S.


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2013 Progress Report

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