Gladstone to redeem 6% series 2024 preferred stock on Oct. 2

By Wendy Van Sickle

Columbus, Ohio, Aug. 21 – Gladstone Capital Corp. plans to redeem all outstanding shares of its 6% series 2024 term preferred stock, according to an 8-K filing with the Securities and Exchange Commission.

The preferred stock will be redeemed on Oct. 2 at a redemption price per share of $25.004166, which represents the liquidation preference per share plus accrued interest.

The redemption will be after the payment of the September dividend to holders of record on Sept. 17.

Gladstone is a McLean, Va.-based real estate investment trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.