GSC Investment Corp. Declares $1.825 Dividend Per Share
NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- GSC Investment Corp. (NYSE: GNV), a business development company, today announced that its Board of Directors has declared a dividend of $1.825 per share payable on December 31, 2009 to common shareholders of record on November 25, 2009. The dividend includes the balance of the Company's fiscal year 2009 taxable income and a significant portion of the Company's fiscal year 2010 taxable income.
Each shareholder may elect to receive up to $0.25 per share of the dividend in cash; the remaining $1.575 per share of the dividend will be paid in shares of the Company's common stock in accordance with IRS Revenue Procedure 2009-15, which allows a publicly-traded regulated investment company to distribute its own stock as a dividend for the purpose of fulfilling its distribution requirements in certain circumstances.
The Company will mail an election form to receive cash or common stock only to registered shareholders promptly after the November 25, 2009 record date. Registered shareholders are those shareholders who own their stock directly and not through a bank, broker or nominee. The completed election form must be received by GSC Investment Corp.'s transfer agent, American Stock Transfer, prior to 5:00 p.m. (EST) on December 17, 2009. Registered shareholders with questions regarding the dividend may call American Stock Transfer at 866-668-6563. Registered shareholders who do not make an election will be deemed to have elected to receive 100% of their dividend in stock.
