Other Events.

The Company confirmed that effective August 19, 2021, pursuant to the terms of the Certificate of Designation of the 6.375% Series E Cumulative Term Preferred Stock due 2025, it voluntarily redeemed all outstanding shares of its 6.375% Series E Cumulative Term Preferred Stock due 2025, $0.001 par value per share (the 'Series E Term Preferred Stock'), at a redemption price of $25.079687500 per share, which represents the liquidation preference of $25.00 per share plus $0.079687500 in accrued and unpaid dividends up to, but excluding, the redemption date, or an aggregate redemption price of approximately $94.7 million.

The Company previously announced its intention to redeem the Series E Term Preferred Stock contingent upon the Company's successful completion of the public offering of its 4.875% Notes due 2028 (the '2028 Notes'),which was completed on August 18, 2021. Net proceeds from the 2028 Notes offering, following the underwriters' exercise of their overallotment option, totaled approximately $130.2 million, after payment of underwriting discounts, commissions and estimated offering expenses, and was sufficient to redeem all outstanding shares of Series E Term Preferred Stock on August 19, 2021.

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Gladstone Investment Corporation published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 13:43:05 UTC.