<SEC-DOCUMENT>0001171843-19-005602.txt : 20190821
<SEC-HEADER>0001171843-19-005602.hdr.sgml : 20190821
<ACCEPTANCE-DATETIME>20190821163012
ACCESSION NUMBER:		0001171843-19-005602
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190821
FILED AS OF DATE:		20190821
DATE AS OF CHANGE:		20190821
EFFECTIVENESS DATE:		20190821

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:		N-23C-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-01266
		FILM NUMBER:		191043349

	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>N-23C-2
<SEQUENCE>1
<FILENAME>n23c2_082119.htm
<DESCRIPTION>FORM N-23C-2
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Securities and Exchange Commission </B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Washington, DC 20549 </B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Rule 23c-2 Notice of Intention to </B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Redeem Securities</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">of</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Gladstone Capital Corporation</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">1521 Westbranch Drive, Suite 100</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">McLean, Virginia 22102</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">under the</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Investment Company Act of 1940</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Investment Company Act File No.&nbsp;814-00237</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 24.5pt; margin: 0pt 0">The undersigned, Gladstone Capital Corporation (the &ldquo;Fund&rdquo;),
is a closed-end, management investment company that has elected to be regulated as a business development company. The Fund hereby
notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, and provides the
information set forth below that is required by Rule 23c-2 under the Investment Company Act of 1940 (the &ldquo;Act&rdquo;).</P>

<P STYLE="font-size: 10pt; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Title of the class of securities of the Fund to be redeemed:</FONT></TD>
</TR></TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 79.55pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 80pt">6.00% Series 2024 Term Preferred Stock due 2024 (CUSIP #376535 506)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 80pt">Liquidation Preference: $25.00 per share</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Fund intends for the securities to be called or
redeemed no earlier than on the following date:</FONT></TD>
</TR></TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 79.55pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 80pt">October 2, 2019</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable provisions of the governing instrument pursuant
to which the securities are to be redeemed:</FONT></TD>
</TR></TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 79.55pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 80pt">The shares of the 6.00% Series 2024 Term Preferred Stock due 2024 are being
voluntarily redeemed pursuant to Section&nbsp;2.5(c) of the Gladstone Capital Corporation Articles Supplementary Establishing and
Fixing the Rights and Preferences of Term Preferred Shares, as well as the Articles Supplementary Establishing and Fixing the Rights
and Preferences of Term Preferred Shares, 6.00% Series 2024 and Exhibit A thereto.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 55pt; text-align: right"><FONT STYLE="font-size: 10pt">(4)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The number of shares to be redeemed and the basis upon
which the shares to be redeemed are to be selected:</FONT></TD>
</TR></TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 100pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 80pt">The Fund intends to redeem 100% of the 2,070,000 outstanding 6.00% Series
2024 Term Preferred Stock due 2024.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">SIGNATURE</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Pursuant to the requirement of Rule 23c-2 under the Investment Company Act of 1940, the
Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 21st day
of August, 2019.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 38%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">GLADSTONE CAPITAL CORPORATION</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font-size: 10pt; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ David Gladstone</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">David Gladstone</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">Chairman &amp; Chief Executive Officer</FONT></TD></TR>
</TABLE>
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