Gladstone Capital Corporation is a business development company specializing in debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. The fund seeks to invest between $5 million and $30 million in companies that have between $20 million and $500 million in sales. It prefers to acquire minority stakes and seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.
I'm an investor in all four of these funds. I've found this company to be a very conservative company that provides a nice source of income with some equity growth. Dividends from each of these companies are paid monthly. I have each of these on a dividend reinvestment plan with the intent to continue that plan for an indefinite period of time. Eventually I will discontinue the reinvestment portion of these investments and live on the monthly income.