Gladstone Capital Corporation announced a supplemental cash distribution of $0.40 per share to common stockholders as a result of a significant capital gain from the sale of its equity interest in Antenna Research Associates, Inc.

Target Information

Gladstone Capital Corporation (NASDAQ:GLAD) is a publicly traded business development company that specializes in investing in both debt and equity securities. The company primarily focuses on secured first and second lien term loans to lower middle-market businesses in the United States. Recently, the organization announced a supplemental cash distribution for its common stockholders, reflecting its commitment to returning capital to investors.

The board of directors declared a supplemental cash distribution of $0.40 per share, set to be paid in December 2024. This distribution is a result of a favorable exit from an equity investment, demonstrating the company’s ability to generate significant returns for its shareholders.

Industry Overview

The lower middle-market segment in the United States has been experiencing a steady growth trajectory. This industry encompasses businesses typically generati