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Gladstone Investment Prices Baby Bonds

Business development company Gladstone Investment Corporation (GAIN) has priced their new baby bond.

2.6 million shares (bonds) price at a coupon of 8%–there is an over allotment available of 390,000.

1st optional call date is 8/1/2025–with maturity 8/1/2028

Egan-Jones rates the issue BBB

Shares will not trade OTC grey and likely will not trade until next week sometime.

The pricing term sheet is here.

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