Gladstone Capital

Gladstone Capital Corporation (common stock listed on NASDAQ: GLAD) 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 Capital’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 Capital’s equity investments typically take the form of preferred or common equity (or warrants to acquire the foregoing).  Historically, as Gladstone Capital has primarily been a debt fund, it aims to maintain a portfolio consisting of approximately 95% debt investments and 5% equity investments, at cost.  In addition to its common stock, Gladstone Capital has issued a 7.125% Series 2016 Term Preferred Stock, which is also listed on NASDAQ under the symbol “GLADP.”

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 Investment Corporation is a BDC that also invests in small and medium sized private businesses in the U.S., historically as a buyout 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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Price Data
2013 Progress Report

Click here to see information on all monthly dividend paying Gladstone funds.


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