Tender Offer - Gladstone Alternative Income Fund

Form Type: N-23C3A

Filing Date: 2025-04-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525107117

Filing Summary: Gladstone Alternative Income Fund has filed a notification for a shareholder repurchase offer under rule 23c-3, providing liquidity to shareholders since shares of this closed-end interval fund are not redeemable daily for cash. The offer pertains to a quarterly repurchase of shares amounting to up to 5% of the shares issued and outstanding as of the repurchase request deadline. The repurchase offer period starts on May 1, 2025, and ends on June 2, 2025. Shares will be repurchased at their net asset value (NAV) on the pricing date. Direct account holders must submit repurchase requests to the Fund's transfer agent, while those holding shares through intermediaries must request their intermediaries to submit on their behalf. The NAV was reported as $10.00 for Class A, $9.97 for Class C, and $10.01 for Class I as of April 21, 2025. Notably, if a shareholder's request is not in proper order by the deadline, they will not be able to sell their shares until the next repurchase offer. Also, there's a contingent deferred sales charge of 1.00% applicable to Class C shareholders if shares are tendered within 365 days of purchase.