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Gladstone Capital Corporation (GLAD)

BDC - Debt Focused BDC

Data as of Sept. 29, 2023
Market Price $9.64 (- $0.03)
NAV (June 30, 2023) $9.27 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 3.99% (-0.32%)
Fund Info
Inception Aug. 27, 2001
Sponsor Gladstone Management
Website http://ir.gladstonecap...
Phone (703) 287-5893
Location Virginia
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; debt and equity investments
Related Indexes
Debt-Focused Business Development Company (BDC) Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 38,600,686
Total Assets (Reported: June 30, 2023) $730M
Estimated Total Assets $709M
Net Assets $358M
Market Cap $372M
Portfolio Turnover 16.10%
Debt-to-Equity 1.0104
Total Leverage 49.54%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 12.69%
Non Lev Exp Ratio 5.91%
Gross Asset Expense Ratio 6.11%
Gross Asset Non Lev Exp Ratio 2.84%
Rel Lev Cost 6.59%
Discount Data
Average Discount (3 Yr) 17.58%
Discount Low(3 Yr) -8.26%
Discount High(3 Yr) 46.36%
Discount Rel Range (3 Yr) 23.02%
Comp Discount 9.98
Discount St Dev (1Yr) 5.91
Z-Stat (6mo) -0.55
Z-Stat (1Yr) -0.53
Z-Stat (3Yr) -1.12
Comp Z-Stat (6mo) -1.07
Comp Z-Stat (3Yr) -1.23
Distribution Data
Market Yield 10.27%
Income Yield 10.27%
Lev Adj NAV Yield 7.14%
Av Yield on Debt Investments 13.60
Distribution Frequency M
Current Distribution $0.083
Current Income $0.083
Ex-Date 9/20/23
Payable Date 9/29/23
Div Growth (3yr) 26.92%
Dividend Change 3.1% on 7/11/23
Expected Div 10/10/23
RoC (1yr) 1.51%
RoC (3yr) 2.39%
Tax Dividend Data 2022 2020 - 2022
Income 93.2% 96.9%
ST Gains 0% 0%
QDI 9.0% 7.0%
LT Gains 0% 0%
RoC 6.8% 3.1%
Volume & Liquidity
Average Daily $ (K) $3,872
Avg Volume 30 day 713,890
Avg Volume 90 day 401,695
Volume Trend 77.72%
Comp Volume Trend 72.86%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): PSEC 80.0%
Price St Dev (1Yr) 22.0%
NAV St Dev (1Yr) 1.8%
Earnings / Share (6/30/23) $0.101
Adj Core NII Coverage 122.21%
1 Yr Avg NII Coverage 110.23%
1 Yr Avg Adj Core NII Coverage 110.23%
NII Trend 22.37%
Adj Core NII Trend 22.37%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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