GLAD Dividend History & Description — Gladstone Capital Corp
Gladstone Capital operates as a closed-end, non-diversified management investment company. Co. invests in several categories of debt and equity securities, with each investment generally ranging from $5.0 million to $25.0 million. Co. invests in senior debt, senior subordinated debt, junior subordinated debt, and preferred and common equity or equivalents. In general, Co.'s investments in debt securities have a term of no more than seven years, accrue interest at variable rates (generally based on the one-month London Interbank Offered Rate) and, to a lesser extent, at fixed rates. As of Sep 30 2014, Co. had total assets of $295.1 million.