<SEC-DOCUMENT>0001171843-17-006491.txt : 20171101
<SEC-HEADER>0001171843-17-006491.hdr.sgml : 20171101
<ACCEPTANCE-DATETIME>20171101161630
ACCESSION NUMBER:		0001171843-17-006491
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171101
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171101
DATE AS OF CHANGE:		20171101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLADSTONE INVESTMENT CORPORATION\DE
		CENTRAL INDEX KEY:			0001321741
		IRS NUMBER:				830423116
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00704
		FILM NUMBER:		171169143

	BUSINESS ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		STREET 2:		SUITE 100
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		7032875800

	MAIL ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		STREET 2:		SUITE 100
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_110117.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html><head><title></title></head><body><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div></div><p style="text-align: center;"><font style="font-size: 14pt;"><strong>UNITED STATES</strong><br><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br><strong>Washington, D.C. 20549</strong><br>_____________________</font></p><p style="text-transform: uppercase; text-align: center;"><font style="font-size: 14pt;"><strong>Form 8-K</strong><br>_____________________</font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>CURRENT REPORT</strong></font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</strong></font></p><p align="center"><font style="font-size: 10pt;">Date of Report (Date of earliest event Reported): <!--November 1, 2017-->November 1, 2017 &#160;</font></p><p align="center"><font style="font-size: 12pt;"><strong>Gladstone Investment Corporation</strong></font><br><font style="font-size: 10pt;">(Exact Name of Registrant as Specified in Charter)</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;"><strong>Delaware</strong></font></td><td align="center" width="34%"><font style="font-size: 10pt;"><strong>814-00704</strong></font></td><td align="center" width="33%"><font style="font-size: 10pt;"><strong>83-0423116</strong></font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">(State or Other Jurisdiction of Incorporation)</font></td><td align="center" width="34%"><font style="font-size: 10pt;">(Commission File Number)</font></td><td align="center" width="33%"><font style="font-size: 10pt;">(I.R.S. Employer Identification Number)</font></td></tr></table><p><font style="font-size: 10pt;">&#160;</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="bottom"><td align="center" width="50%"><font style="font-size: 10pt;"><strong>1521 Westbranch Drive, Suite 100, McLean, Virginia 22102</strong><!--UNITED STATES --></font></td></tr><tr valign="top"><td align="center" width="50%"><font style="font-size: 10pt;">(Address of Principal Executive Offices) (Zip Code)</font></td></tr></table><p align="center"><font style="font-size: 10pt;"><strong>(703) 287-5800</strong><br>(Registrant's telephone number, including area code)</font></p><p align="center"><font style="font-size: 10pt;"><strong></strong><br>(Former name or former address, if changed since last report)</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td colspan="3"><font style="font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br><br></font></td></tr><tr valign="top"><td width="21"><font style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[ &#160; ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr><tr valign="top"><td width="21"><font style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[ &#160; ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr><tr valign="top"><td width="21"><font style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[ &#160; ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr><tr valign="top"><td width="21"><font style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[ &#160; ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr></table><p style="font-size: 10pt; margin: 0pt;">&#160;</p><p style="font-size: 10pt; margin: 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (17 CFR&#160;&sect;240.12b-2).&#160;Emerging growth company [ &#160; &#160;]</p><p style="font-size: 10pt; margin: 0pt;">&#160;</p><p style="font-size: 10pt; margin: 0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ &#160; &#160;]</p><div style="margin-top: 12pt; margin-bottom: 3pt;"><div style="font-size: 1pt; border-top: Black 1.1pt solid; border-bottom: Black 2.5pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div>&#160;</div><hr style="page-break-after: always;" noshade="noshade"><p><font style="font-size: 10pt;">  <strong>  </strong></font></p><p><font style="font-size: 10pt;"><strong>Item 2.02. Results of Operations and Financial Condition.</strong></font></p><p><font style="font-size: 10pt;"><p style="margin-right: 0in; margin-left: 0in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On November 1, 2017, Gladstone Investment Corporation issued a press release announcing its financial results for its second fiscal quarter ended September 30, 2017. The text of the press release is included as an exhibit to this Current Report on Form 8-K. The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.</font></p></font></p><p><font style="font-size: 10pt;"><strong>  </strong></font></p><p><font style="font-size: 10pt;"><strong>Item 9.01. 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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>

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<p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p>

<p style="text-align: center;"><strong>Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2017</strong></p>

<p style="text-align: center;">

<p>
 <p align="left">MCLEAN, Va., Nov.  01, 2017  (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ:GAIN) (the &#8220;Company&#8221;) today announced earnings for its second quarter ended September 30, 2017. Please read the Company&#8217;s Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;), which is available on the SEC&#8217;s website at <em>www.sec.gov</em> or the Company&#8217;s website at <em>www.gladstoneinvestment.com</em>.&#160;</p>

<p align="justify"><strong>Summary Information:&#160; </strong><em>(dollars in thousands, except per share data (unaudited))</em>:</p>

<table style="width:100%;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
    <td style="text-align: justify ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>September 30,</strong><br><strong>2017</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>June 30, </strong><br><strong>2017</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>Change</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>%</strong><br><strong>Change</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="text-align: justify ;  vertical-align: bottom; vertical-align: bottom ; "><strong>For the quarter ended:</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Total investment income</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$</strong></td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>13,132</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">13,620</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(488</td>
    <td style="vertical-align: bottom ; ">)</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(3.6</td>
    <td style="vertical-align: bottom ; ">)%</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Total expenses, net</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>7,382</strong></td>
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    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">8,185</td>
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    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(803</td>
    <td style="vertical-align: bottom ; ">)</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(9.8</td>
    <td style="vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Net investment income</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
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    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5,435</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">315</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5.8</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Net realized (loss) gain</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>(43</strong></td>
    <td style="vertical-align: bottom ; "><strong>)</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,165</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(1,208</td>
    <td style="vertical-align: bottom ; ">)</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">NM</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Net unrealized appreciation</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>7,849</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,541</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">6,308</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">409.3</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Net increase in net assets resulting from operations</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>13,556</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">8,141</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5,415</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">66.5</td>
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<tr>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>0.18</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.17</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.01</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5.9</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>0.42</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.26</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.16</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">61.5</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Cash distribution per common share from net investment income</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>0.19</strong></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.19</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#8212;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#8212;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Cash distribution per common share from realized gains</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#8212;</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.06</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(0.06</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(100.0</td>
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<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Distributions coverage ratio<sup>(A)</sup></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>208.6</strong></td>
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    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">214.9</td>
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    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(6.3</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(2.9</td>
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<tr>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>12.8</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">12.6</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.2</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1.6</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Total dollars invested</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$</strong></td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>29,500</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">2,148</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">27,352</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">NM</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Total dollars repaid and collected from sales</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>3,949</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">19,457</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(15,508</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(79.7</td>
    <td style="vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; "><strong>As of:</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Total investments, at fair value</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$</strong></td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>520,174</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">486,770</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">33,404</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">6.9</td>
    <td style="vertical-align: bottom ; ">%</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Fair value, as a percent of cost</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>97.3</strong></td>
    <td style="vertical-align: bottom ; "><strong>%</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">95.7</td>
    <td style="vertical-align: bottom ; ">%</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1.6</td>
    <td style="vertical-align: bottom ; ">%</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1.7</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Net assets</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$</strong></td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>328,548</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">321,235</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">7,313</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">2.3</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Net asset value per common share</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>10.10</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">9.88</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.22</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">2.2</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Number of portfolio companies</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>34</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">33</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">3.0</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td colspan="4" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td colspan="15" style="vertical-align: bottom ; "><sup>(A) </sup>Distributions coverage ratio is calculated by dividing (i) the sum of net investment income in excess of distributions at the end of the period and distributions to common stockholders from net investment income during the period by (ii) current period distributions from net investment income to common stockholders.</td></tr>
</table>

<p align="justify">NM = Not Meaningful<br><strong>Highlights for the Quarter:</strong>&#160; During the quarter ended September 30, 2017, the following significant events occurred:</p>

<p><strong>&#183; Portfolio Activity</strong>:</p>  <ul>

<li>Invested $28.3 million through a combination of secured first lien debt and preferred equity into one new portfolio company; and</li>

<li>Invested $1.2 million in existing portfolio companies.&#160;<br></li></ul>

<p><strong>&#183; Distributions and Dividends:</strong></p>  <ul>

<li>Paid the following monthly cash distributions to common stockholders and dividends to preferred stockholders for each of July, August, and September 2017:<br>--&#160; $0.064 per common share, per month;<br>--&#160; $0.140625 per share, per month, for the Company&#8217;s 6.75% Series B Cumulative Term Preferred Stock (&#8220;Series B Term Preferred Stock&#8221;);<br>--&#160; $0.135417 per share, per month, for the Company&#8217;s 6.50% Series C Cumulative Term Preferred Stock (&#8220;Series C Term Preferred Stock&#8221;); and<br>--&#160; $0.13020833 per share to holders of our 6.25% Series D Cumulative Term Preferred Stock (&#8220;Series D Term Preferred Stock&#8221;).&#160; &#160;<strong>&#160;</strong></li></ul>

<p><strong>Second Quarter Results</strong><strong>:</strong> Net investment income for the quarters ended September 30, 2017 and June 30, 2017 was $5.8 million, or $0.18 per share, and $5.4 million, or $0.17 per share, respectively. Net investment income increased period over period, as the decrease in total investment income, which was primarily due to lower other income, was more than offset by a decrease in total expenses, net of credits, primarily due to lower bad debt expense and higher credits from our adviser, Gladstone Management Corporation. The net realized loss for the quarter ended September 30, 2017 was less than $0.1 million, as compared to net realized gains of $1.2 million during the quarter ended June 30, 2017. The decrease period over period was primarily due to the exit of one portfolio company in the prior quarter as compared to minimal activity in the current quarter. &#160;</p>

<p>Net asset value per common share as of September 30, 2017 increased to $10.10 compared to $9.88 as of June 30, 2017. The quarter over quarter increase was primarily due to $7.8 million of net unrealized appreciation during the period, which was principally due to an increase in the fair value of our investment in Drew Foam, improved performance of certain other portfolio companies, and an increase in comparable multiples used to estimate the fair value of certain portfolio companies, which were partially offset by a decline in performance on certain other portfolio companies.</p>

<p align="justify"><strong>Subsequent Events:&#160; </strong>After September 30, 2017, the following significant events occurred:<br></p>  <ul type="disc">

<li><strong>Distributions and Dividends Declared</strong>: In October 2017, our Board of Directors declared the following monthly distributions to common stockholders and monthly dividends to holders of our three series of term preferred stock:</li></ul>

<table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; border-collapse: collapse">
<tr>
    <td style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><strong>Record Date</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><strong>Payment Date</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><strong>Distribution per<br>Common Share</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><strong>Dividend per<br></strong><strong>Series B Term<br>Preferred<br>Share</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><strong>Dividend per</strong><br><strong>Series C Term<br>Preferred Share</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><strong>Dividend<br>per</strong><br><strong>Series D<br>Term <br>Preferred <br>Share</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td></tr>
<tr>
    <td style="text-align: center; vertical-align: bottom">October 20, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: bottom">October 31, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">$</td>
    <td colspan="2" style="text-align: right; vertical-align: bottom">0.065</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">$</td>
    <td colspan="2" style="text-align: right; vertical-align: bottom">0.140625</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">$</td>
    <td colspan="2" style="text-align: right; vertical-align: bottom">0.135417</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">$</td>
    <td style="text-align: right; vertical-align: bottom">0.13020833</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="text-align: center; vertical-align: bottom">November 20, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: bottom">November 30, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="text-align: right; vertical-align: bottom">0.065</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="text-align: right; vertical-align: bottom">0.140625</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="text-align: right; vertical-align: bottom">0.135417</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="2" style="text-align: right; vertical-align: bottom">0.13020833</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td></tr>
<tr>
    <td style="text-align: center; vertical-align: bottom">December 5, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: bottom">December 15, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="text-align: right; vertical-align: bottom">0.060</td>
    <td style="text-align: right; vertical-align: bottom"><sup>(A)</sup>&nbsp;</td>
    <td colspan="3" style="text-align: right; vertical-align: bottom">&#8212;</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="text-align: right; vertical-align: bottom">&#8212;</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="2" style="text-align: right; vertical-align: bottom">&#8212;</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td></tr>
<tr>
    <td style="text-align: center; vertical-align: bottom">December 19, 2017<sup>(A)</sup></td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: bottom">December 31, 2017</td>
    <td style="text-align: center; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: right; vertical-align: bottom">0.065</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: right; vertical-align: bottom">0.140625</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: right; vertical-align: bottom">0.135417</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: right; vertical-align: bottom">0.13020833</td>
    <td style="text-align: right; vertical-align: bottom">&#160;</td></tr>
<tr>
    <td colspan="3" style="text-align: right; vertical-align: bottom"><strong>Total for the Quarter:</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: black 3pt double; text-align: left; vertical-align: bottom"><strong>$</strong></td>
    <td style="border-bottom: black 3pt double; text-align: right; vertical-align: bottom"><strong>0.255</strong></td>
    <td style="text-align: center; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: black 3pt double; text-align: left; vertical-align: bottom"><strong>$</strong></td>
    <td style="border-bottom: black 3pt double; text-align: right; vertical-align: bottom"><strong>0.421875</strong></td>
    <td style="text-align: right; vertical-align: bottom"><strong>&#160;</strong></td>
    <td colspan="2" style="border-bottom: black 3pt double; text-align: left; vertical-align: bottom"><strong>$</strong></td>
    <td style="border-bottom: black 3pt double; text-align: right; vertical-align: bottom"><strong>0.406251</strong></td>
    <td style="text-align: right; vertical-align: bottom"><strong>&#160;</strong></td>
    <td style="border-bottom: black 3pt double; text-align: left; vertical-align: bottom"><strong>$</strong></td>
    <td style="border-bottom: black 3pt double; text-align: right; vertical-align: bottom"><strong>0.39062499</strong></td>
    <td style="text-align: right; vertical-align: bottom"><strong>&#160;</strong></td></tr>
</table>

<p><br></p>

<table style="width:100%;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
    <td style="vertical-align: bottom ; "><sup>(A)</sup>&nbsp;</td>
    <td style="vertical-align: bottom ; ">Denotes supplemental distribution to common stockholders.</td></tr>
</table>

<p><strong>Conference Call:&#160; </strong>The Company will hold its earnings release conference call on Thursday, November 2, 2017, at 8:30 a.m. EDT. Please call (855) 376-7516 to enter the conference. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through January 2, 2018. To hear the replay, please dial (855) 859-2056 and use the playback conference number 54419498. The replay will be available beginning approximately one hour after the call concludes. The live audio broadcast of the Company&#8217;s quarterly conference call will also be available online at www.gladstoneinvestment.com. The event will be archived and available for replay on the Company&#8217;s website through February 2, 2018.</p>

<p><strong>About </strong><strong>Gladstone Investment Corporation</strong><strong>:</strong>&#160; Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company has paid 148 consecutive monthly cash distributions on its common stock. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.</p>

<p>To obtain a paper copy of our Quarterly Report on Form 10-Q filed today with the SEC, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company&#8217;s Form 10-Q for the three months ended September 30, 2017, including the notes to the consolidated financial statements contained therein.</p>

<p>Source: Gladstone Investment Corporation</p>

<p align="justify"><strong>Investor Relations Inquiries</strong>: Please visit www.gladstone.com or +1-703-287-5893.</p> </p>

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