Business development company Gladstone Investment (GAIN) will be selling a new issue of $25 baby bonds.
This issue will pay quarterly interest payments and will have a early optional redemption starting 11/1/2023 with maturity on 11/1/2028.
The permanent ticker will be GAINO when it finally begins to trade in a week or so. There will not be OTC grey market trading, although once the CUSIP is issued an investor may be able to call their brokers bond desk to secure shares (bonds) prior to exchange trading.
The proceeds from this offering will be used to redeem the GAINL 6.375% term preferred which has been optionally redeemable since 8/2020.
StackingNickels was right on top of this one.