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Message Boards Settings GSC Investment Corp (GNV) - Quote Info
Undistributed income...     18-Oct-09 05:13 pm    
They mentioned on the conference call that they have $.76 per share in undistributed interest income which they must declare by next month and pay out early next year or they will be forced to pay income tax on it. They did mention that it could be paid out as either cash or stock. I know this is also an issue with Patriot Capital, which has $.40 per share. Patriot is currently being taken over by Prospect Capital. It will be interesting to see how this plays out. I suppose they are so desperate for cash right now that they will just pay the tax and keep it but they could loss their status as a BDC if they do.


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ken.kahl

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  Subject Author Rating Time of Post (ET)  
 
Undistributed income...
ken.kahl Not rated 18-Oct-09 05:13 pm  
 
I can see them issuing shares and encouraging or s...
dan86droon Rate it 19-Oct-09 11:42 am  
 
Well Patriot declared its final dividend toda...
ken.kahl Rate it 29-Oct-09 10:45 am  
 
They will pay out 90/10 stock dividend, ...
dividendari... Rate it 1-Nov-09 02:06 pm  
 
Should get a news release today on this. For fisc...
plumdum (1 Rating) 13-Nov-09 09:04 am  
 
NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- G...
newstome567 (1 Rating) 13-Nov-09 09:43 am  
 
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philipswall... Rate it 23-Nov-09 10:54 am  
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GSC Investment Corp (GNV)

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On Dec 22: 1.6201 0.00 (0.00%)
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