secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE CAPITAL CORP (GLAD)
CIK:        0001143513
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001193125-23-159039
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1143513/000119312523159039/0001193125-23-159039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1143513/000119312523159039/d476540d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159039

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