Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for April 2025
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Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for April 2025
MCLEAN, VA / ACCESS Newswire / April 14, 2025 / Gladstone Alternative Income Fund ("Gladstone Alternative" or the "Fund") announced today that its board of directors declared its monthly cash distribution to shareholders for April. The Fund increased the daily dividend rate by 1.2%. The distribution amount is $0.00172 per calendar day for each issued and outstanding Class A share, Class C share, and Class I share for the period beginning April 1, 2025 and ending April 30, 2025 (for shareholders who own shares all 30 days in April, the distribution will total $0.0516 per share). The distribution will be paid on May 1, 2025 for Dividend Reinvestment Plan ("DRIP") participants and for non-DRIP participants.
John Sateri, President of Gladstone Alternative, noted, "We are pleased to announce the second monthly dividend for Gladstone Alternative, continuing our commitment to delivering consistent income to our investors. We look forward to continuing to create long-term value in the months and years ahead by generating sustainable returns for our shareholders while providing them access to a diversified portfolio of private credit and equity investments."
About Gladstone Alternative Income Fund
Gladstone Alternative Income Fund is a non-diversified, unlisted, closed-end management investment company registered under the Investment Company Act of 1940 and is operating as an interval fund. The Fund seeks to achieve and grow current income by investing primarily in directly originated loans to lower and middle market private businesses in the United States, broadly syndicated loans and commercial real estate loans.
Investors are advised to carefully consider the investment objectives, risks and charges, and expenses of Gladstone Alternative Income Fund before investing. The prospectus, dated November 7, 2024, which has been filed with the U.S. Securities and Exchange Commission, and as supplemented from time to time, contains this and other information about the Fund and should be read carefully before investing. You may get these documents for free by visiting the Fund's website at www.gladstoneintervalfund.com or by visiting EDGAR on the SEC's website at www.sec.gov. To obtain a copy of the prospectus, you may also contact Gladstone Securities, LLC, the dealer manager and distributor for this offering, which will arrange to send you the prospectus if you request it by calling toll-free at (833) 849-5993.
For further information, please visit our website at www.gladstoneintervalfund.com.
SOURCE: Gladstone Alternative Income Fund
View the original press release on ACCESS Newswire
A.Taylor--AT