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Gladstone Capital Issues Preferred Stock
November 1, 2011: Well, it’s done. Gladstone Capital (ticker: GLAD) priced and sold 1,4000,000 Preferred shares at a price of $25.0 last week. (GLAD also gave the underwriter the option of selling another 210,000 shares). As the press release announces, the Preferred Stock has a... -
MCG Capital CEO Resigns. Preliminary Results Announced.
October 31, 2011: MCG Capital (ticker: MCGC), one of the oldest and most troubled Business Development Companies (“BDC”) announced today the resignation of its Chief Executive Officer. The press release says Steve Tunney Snr. has been replaced in the top management spot by Board Chairman... -
Venture Capital Investing Up In IIIQ. Impact On BDC Players.
October 26, 2011: In the quiet before the storm of IIIQ 2011 earnings reports, there’s not much BDC specific company news. So we poked around for some more big picture trends. Today there was data from AltAssets about the relatively heady pace of American venture...
