Gladstone Investment Corp. [GAINZ]
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This is a series of cumulative preferred stock issued by Gladstone Investment Corp., a publicly traded BDC providing financing solutions to lower middle-market companies. These preferred shares carry a fixed dividend rate and have priority over common stock in dividend distributions and asset claims. Preferred securities like this offer institutional and retail investors higher yields than traditional fixed-income investments with less price volatility than common equity. The cumulative feature ensures that any unpaid dividends accumulate and must be satisfied before common dividends resume.