JLabel unexpected Text-Alignment behaviour when Icon is Null

How do I get around the apparent limitation of JLabel ignoring placement directives if the icon is null ?

I have an app that uses a JLabel to show an Icon with explanatory text but sometimes the JLabel contains text-only and no corresponding Icon.

I have the alignment on the JLabel set as follows :

label5.setHorizontalAlignment(JLabel.CENTER);
label5.setVerticalAlignment(JLabel.TOP);
label5.setHorizontalTextPosition(JLabel.CENTER);
label5.setVerticalTextPosition(JLabel.BOTTOM);
label5.setIconTextGap(-3);

This all works perfectly when there is an Icon present. Icon above, text below.

However, if the Icon is null (because the icon source file (gif/jpg etc) is missing from the nominated location or because the icon is set deliberately to null) then the text does NOT show at the bottom, but rather resets to the TOP of the Label.

I thought it might be something peculiar to do with my negative IconTextGap but I have been able to demonstrate the same behaviour on a standard Java JLabel example program (from www.java2s.com/Code/Java/Swing-JFC/LabelTextPosition.htm)

import java.awt.Container;
import java.awt.GridLayout;

import javax.swing.Icon;
import javax.swing.ImageIcon;
import javax.swing.JFrame;
import javax.swing.JLabel;
import javax.swing.border.Border;
import javax.swing.border.LineBorder;

public class LabelTextPos {

  public static void main(String args[]) {
    JFrame frame = new JFrame("Label Text Pos");
    frame.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);

    Container content = frame.getContentPane();
    content.setLayout(new GridLayout(2, 2));

    Border border = LineBorder.createGrayLineBorder();
    Icon warnIcon = new ImageIcon("Warning.gif");

    JLabel label1 = new JLabel(warnIcon);
    label1.setText("Left-Bottom");
    label1.setHorizontalTextPosition(JLabel.LEFT);
    label1.setVerticalTextPosition(JLabel.BOTTOM);
    label1.setBorder(border);
    content.add(label1);

    JLabel label2 = new JLabel(warnIcon);
    label2.setText("Right-TOP");
    label2.setHorizontalTextPosition(JLabel.RIGHT);
    label2.setVerticalTextPosition(JLabel.TOP);
    label2.setBorder(border);
    content.add(label2);

    JLabel label3 = new JLabel(warnIcon);
    label3.setText("Center-Center");
    label3.setHorizontalTextPosition(JLabel.CENTER);
    label3.setVerticalTextPosition(JLabel.CENTER);
    label3.setBorder(border);
    content.add(label3);

    JLabel label4 = new JLabel(warnIcon);
    label4.setText("Center-Bottom");
    label4.setHorizontalTextPosition(JLabel.CENTER);
    label4.setVerticalTextPosition(JLabel.BOTTOM);
    label4.setBorder(border);
    content.add(label4);

    frame.setSize(300, 200);
    frame.setVisible(true);
  }
}

When the ICON source file is present, you get the desired result :

But if the ICONS are Null, the JLabel pays no attention to the Text Placement parameters :

I see that the JLabel Documentation says of setVerticalTextAlignment :

Sets the vertical position of the label's text, relative to its image.

But as you can see from the screensnaps above, where the Icon is actually null, it seems to bypass the JLabel location calculation code altogether.

I searched a lot before posting this but couldn't find anywhere that this specific issue is discussed.

So, is there a known or easy solution to this problem ? I am fairly sure that I could create a new JLabel when I want to display the Text only, instead of setting the icon on the existing JLabel to Null, and the new JLabel without ever having had an icon would probably show the text in the desired location, but I would prefer not to go creating new Objects when the old ones are essentially doing what I need 95% of the time.

I could also create a see-through icon of the appropriate size to keep my text at the bottom, but again that seems like a bit of a hack. Suggestions ?