Business Context and Reporting Period
This Form 8-K Current Report was filed by Gladstone Capital Corporation on April 19, 2012. The filing addresses a corporate action regarding the listing status of the Company's 7.125% Series 2016 Term Preferred Stock.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Delisting and Transfer: The Company notified the New York Stock Exchange (NYSE) of its intention to voluntarily withdraw its 7.125% Series 2016 Term Preferred Stock from listing and trading.
- Effective Dates: The withdrawal from the NYSE is anticipated to be effective after the close of trading on or about April 30, 2012.
- New Listing: The Preferred Stock is approved for listing on the NASDAQ Global Select Market and is expected to commence trading on or about May 1, 2012.
- Trading Symbol: The stock will trade under the symbol "GLADP" on NASDAQ.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of risks and contingencies beyond the procedural details of the listing transfer. The Company issued a press release regarding this event, which is filed as Exhibit 99.1.
Investor Verification Checklist
- Verify the effective date of the delisting from the NYSE (anticipated April 30, 2012).
- Confirm the commencement of trading on NASDAQ under the symbol "GLADP" (anticipated May 1, 2012).
- Review the attached press release (Exhibit 99.1) for any additional details on the rationale for the transfer.