<SEC-DOCUMENT>0001193125-17-373788.txt : 20180412
<SEC-HEADER>0001193125-17-373788.hdr.sgml : 20180412
<ACCEPTANCE-DATETIME>20171219173302
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-17-373788
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20171219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLADSTONE CAPITAL CORP
		CENTRAL INDEX KEY:			0001143513
		IRS NUMBER:				542040781
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		STREET 2:		SUITE 100
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		703-287-5800

	MAIL ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		STREET 2:		SUITE 100
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<HTML><HEAD>
<TITLE>CORRESP</TITLE>
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<IMG SRC="g444274g1219141638747.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">December 19, 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>VIA EDGAR </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John Ganley, Esq. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Investment Management </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, NE </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, DC 20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Gladstone Capital Corporation </TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Registration Statement on Form <FONT
STYLE="white-space:nowrap">N-2,</FONT> as amended </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">File <FONT STYLE="white-space:nowrap">No.&nbsp;333-208637</FONT> (the
&#147;Registration Statement&#148;) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr.&nbsp;Ganley: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gladstone Capital Corporation (the &#147;Company&#148;) is filing herewith Post-Effective Amendment No.&nbsp;5 to the Registration Statement
(&#147;Post-Effective Amendment No.&nbsp;5&#148;) under the Securities Act of 1933 (the &#147;Securities Act&#148;) via EDGAR as a POS 8C filing on December 19, 2017. The Registration Statement relates to the shelf offering from time to time, in one
or more offerings or series, including in concurrent, separate offerings, of up to $300,000,000 worth of the Company&#146;s common stock, preferred stock, subscription rights, debt securities or warrants representing rights to purchase shares of our
common stock, preferred stock, or debt securities under Rule 415 of the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company respectfully requests that the staff
of the Securities and Exchange Commission afford Post-Effective Amendment No.&nbsp;5 selective review in accordance with Securities Act Release <FONT STYLE="white-space:nowrap">No.&nbsp;33-6510</FONT> (February 15, 1984). The disclosure contained in
Post-Effective Amendment No.&nbsp;5 is substantially similar to the disclosure contained in the Company&#146;s Post-Effective Amendment No.&nbsp;2 to the Registration Statement filed on December&nbsp;22, 2016 that was declared effective on
February&nbsp;6, 2017 (&#147;Post-Effective Amendment No.&nbsp;2&#148;). Post-Effective Amendment No.&nbsp;5 has been updated primarily to include the audited financial statements for the year ended September&nbsp;30, 2017, and related financial
information and data for the year ended September&nbsp;30, 2017, including updated information on the Company&#146;s portfolio investments. Additionally, Post-Effective Amendment No.&nbsp;5 updates the Company&#146;s limited revisions to conform
with updates made in the Company&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended September&nbsp;30, 2017, and as much other information as was practicable to a more recent date. A majority of the updated
information and disclosures included in Post-Effective Amendment No.&nbsp;5 has already been included in filings made pursuant to the Securities Exchange Act of 1934 filed since Post-Effective Amendment No.&nbsp;2. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have any questions or comments regarding the foregoing, please feel free to contact me via phone at (703) <FONT
STYLE="white-space:nowrap">287-5860</FONT> or contact our outside counsel, Sehrish Siddiqui with Bass, Berry&nbsp;&amp; Sims PLC at (901) <FONT STYLE="white-space:nowrap">543-5979</FONT> or via email at ssiddiqui@bassberry.com. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>GLADSTONE CAPITAL CORPORATION</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Nicole Schaltenbrand</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Nicole Schaltenbrand</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE></DIV>
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