Gladstone Investment Corporation Announces Preferred Stock Offering of 1M Shares

Gladstone Investment Corporation

today announced that it plans to sell 1,000,000 shares of its newly designated Series A Cumulative Term Preferred Stock in an underwritten public offering. The Company also plans to grant the underwriters a 25-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any. Jefferies & Company, Inc. is serving as the sole book-running manager for the offering, and Janney Montgomery Scott LLC is serving as joint lead manager and J.J.B. Hilliard, W.L. Lyons, LLC and Wunderlich Securities, Inc. are serving as co-managers.