Gladstone Investment plans to redeem all 6.25% series D preferred stock

Chicago, Feb. 23 – Gladstone Investment Corp. announced the conditional redemption of all outstanding shares of its series D cumulative term preferred stock due 2023, according to a press release.

The redemption is contingent upon the successful completion of an offering of notes, separately announced.

The series D shares will be redeemed at $25 per share on March 3, plus unpaid dividends and distributions up to, but excluding, the date of redemption.

Gladstone is a McLean, Va.-based middle-market investment company.

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