BUZZ-Gladstone Investment gains on supplemental cash distribution to stockholders
Reuters · 1d ago
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** Shares of private equity fund Gladstone Investment GAIN.O up 4.5% at $13.58
** Late on Tuesday, GAIN announced additional supplemental cash distribution of $0.70/shr to common stockholders in October
** In September, GAIN exited its investment in trade show planner Nth Degree, resulting in a $42.3 mln gain
** GAIN is focused on making debt and equity investments in lower middle market businesses in the U.S.
** As of last close, GAIN shares down 8.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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