Gladstone Capital files to offer up to 6M shares of 6.25% Series A Preferred Stock at $25.00 per share

GLADSTONE CAPITAL CORP

Offering up to 6,000,000 shares of 6.25% Series A Preferred Stock at $25.00 liquidation preference per share.
Dividends cumulative at 6.25% per annum ($1.5625/year per share), payable monthly in arrears.
Dealer manager fees: 7.0% selling commissions and 3.0% dealer manager fee on gross proceeds.
Company cannot redeem shares before earlier of one-year after termination date or Jan 1, 2027.
Quarterly repurchase up to 5% of outstanding; early redemption discount: 10% (<1 yr), 6% (1-2 yrs), 3% (2-3 yrs).

item 1.01 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLADSTONE CAPITAL CORP entered into Dealer Manager Agreement with Gladstone Securities, LLC (effective 2023-05-31).

Action: entry
Agreement: underwriting
Counterparty: Gladstone Securities, LLC
Effective: 2023-05-31

Exact text from the filing

On May 31, 2023, Gladstone Capital Corporation, a Maryland corporation (the “Company”), entered into a dealer manager agreement (the “Dealer Manager Agreement”), with Gladstone Securities, LLC

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GLADSTONE CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-159039

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