Gladstone Capital Corporation Reports Earnings Results for the Third Quarter Ended June 30, 2021
August 03, 2021 at 04:29 pm EDT
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Gladstone Capital Corporation announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced total revenue was USD 13.666 million compared to USD 11.729 million a year ago. Net income was USD 17.954 million compared to USD 14.957 million a year ago. For the nine months, total revenue was USD 39.433 million compared to USD 35.380 million a year ago. Net income was USD 51.556 million compared to net loss of USD 12.120 million a year ago.
Gladstone Capital Corporation is a closed-end, non-diversified management investment company. The Companyâs investment objectives are to: achieve and grow current income by investing in debt securities of established lower middle market companies (which generally define as companies with annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $3 million to $15 million) in the United States that will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit to sell its equity investments for capital gains. It focuses on investing in lower middle market companies. The Company externally managed by Gladstone Management Corporation (the Adviser).
GLADSTONE CAPITAL CORPORATION 
