GLAD Description — Gladstone Capital Corp
Gladstone Capital operates as a closed-end, non-diversified management investment company. Co. invests in several categories of debt and equity securities, with each investment generally ranging from $5.0 million to $30.0 million. Co. invests in senior debt, senior subordinated debt, and junior subordinated debt. In general, Co.'s investments in debt securities have a term of no more than seven years, accrue interest at variable rates (based on the London Interbank Offered Rate and, to a lesser extent, at fixed rates. As of Sep 30 2013, Co. had total assets of $295.1 million.