Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading Down 0.8% – Here’s Why

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) shares were down 0.8% during trading on Monday . The stock traded as low as $24.01 and last traded at $24.01. Approximately 2,508 shares changed hands during trading, a decline of 48% from the average daily volume of 4,861 shares. The stock had previously closed at $24.20.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

The business has a 50-day simple moving average of $23.98 and a 200-day simple moving average of $24.02.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were issued a $0.3047 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.22 annualized dividend and a yield of 5.0%.

About Gladstone Investment Co. 4.875% Notes due 2028

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.