Business Context and Reporting Period
This Form 8-K is a current report filed by Gladstone Investment Corporation on October 11, 2016. The filing serves as a Regulation FD disclosure regarding the declaration of cash distributions by the Company's board of directors.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures. The primary financial data disclosed relates to the declaration of monthly cash distributions for the following securities:
- Common Stock: Monthly cash distributions declared for October, November, and December 2016.
- 6.75% Series B Cumulative Term Preferred Stock: Monthly cash distributions declared for October, November, and December 2016.
- 6.50% Series C Cumulative Term Preferred Stock: Monthly cash distributions declared for October, November, and December 2016.
- 6.25% Series D Cumulative Term Preferred Stock: A combined distribution covering a prorated period from issuance (September 26, 2016) through September 30, 2016, plus full regular monthly distributions for October, November, and December 2016.
Material Changes
The filing does not report material changes to financial performance, assets, or liabilities compared to prior periods. The significant event is the formal declaration of the distribution schedule for the third quarter of 2016.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies beyond the standard disclosure that the information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the exact per-share distribution amounts in the attached Press Release (Exhibit 99.1), as this 8-K only confirms the declaration.
- Confirm the record dates and payment dates for the October, November, and December 2016 distributions.
- Review the specific calculation for the prorated Series D distribution covering the period from September 26 to September 30, 2016.