Attached files
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| EX-99.1 - GLADSTONE INVESTMENT CORPORATION\DE | v206909_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of earliest event reported):
December
30, 2010
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Gladstone
Investment Corporation
(Exact
name of registrant as specified in its
charter)
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Delaware
(State
or other jurisdiction
of
incorporation)
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814-00704
(Commission
File
Number)
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83-0423116
(IRS
Employer
Identification
No.)
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1521
Westbranch Drive, Suite 200
McLean,
Virginia 22102
(Address
of principal executive
offices)
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Registrant's
telephone number, including area code: (703)
287-5800
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.01.
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Completion
of Acquisition or Disposition of
Assets
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On December 30, 2010, Gladstone
Investment Corporation (the “Company”) sold its equity investment in Chase II
Holding Corporation (“Chase Doors”) to Sentinel Capital Partners, L.L.C. and to
certain members of the management of Chase Doors and received full repayment of
its debt investment in Chase Doors. The net cash proceeds to the Company from
the sale of its equity in Chase Doors were $17.9 million, resulting in a
realized gain of $6.9 million. At the same time, the Company has received $22.9
million in payment of its principal, accrued interest and fees on the debt
investment in Chase Doors. In March 2006, the Company made its original equity
investment and provided debt financing in support of a management-led buyout of
Chase Doors, which primarily designs and manufacturers impact traffic
doors.
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Item
7.01.
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Regulation
FD Disclosure
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On
January 3, 2011, Gladstone Investment Corporation issued a press release
announcing the above mentioned sale and repayment. The text of the press release
is included as an exhibit to this Form 8-K. Pursuant to the rules and
regulations of the Securities and Exchange Commission, such exhibit and the
information set forth therein and herein are deemed to be furnished and shall
not be deemed to be filed.
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Item
9.01.
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Financial
Statements and Exhibits.
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Exhibit
No.
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Description
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99.1
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Press
Release issued by Gladstone Investment Corporation on January 3,
2011.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Gladstone
Investment Corporation
(Registrant)
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January
3, 2011
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By: /s/ David Watson
(David
Watson, Chief Financial
Officer)
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