<SEC-DOCUMENT>0001193125-23-157969.txt : 20230531
<SEC-HEADER>0001193125-23-157969.hdr.sgml : 20230531
<ACCEPTANCE-DATETIME>20230531170857
ACCESSION NUMBER:		0001193125-23-157969
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230531
DATE AS OF CHANGE:		20230531

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:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-261398
		FILM NUMBER:		23981955

	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>497AD
<SEQUENCE>1
<FILENAME>d505681d497ad.htm
<DESCRIPTION>GLADSTONE CAPITAL CORPORATION
<TEXT>
<HTML><HEAD>
<TITLE>Gladstone Capital Corporation</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed pursuant to Rule 497 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;333-261398</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Rule 482ad </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt; margin-left:4%" ALIGN="center">


<IMG SRC="g505681g0531091348074.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gladstone Capital Corporation Announces Offering </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>of 6.25% Series A Cumulative Redeemable Preferred Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">McLean, VA, May&nbsp;31, 2023: <U>Gladstone Capital Corporation</U> (Nasdaq: GLAD) (the &#147;Company&#148;) today announced that it has filed a prospectus
supplement with the&nbsp;U.S. Securities and Exchange Commission (&#147;SEC&#148;)&nbsp;for a continuous public offering of up to 6,000,000 shares (the &#147;Offering&#148;) of its newly-designated 6.25% Series A Cumulative Redeemable Preferred
Stock (the &#147;Series A Preferred Stock&#148;) at an offering price of $25.00 per share. The Company expects to receive up to $150.0&nbsp;million in gross proceeds and approximately $131.25&nbsp;million in net proceeds, after payment of dealer
manager fees and selling commissions and estimated expenses of the offering payable by the Company, assuming all shares of the Series A Preferred Stock are sold in the Offering. Gladstone Securities, LLC, an affiliate of the Company (&#147;Gladstone
Securities&#148;), will serve as the Company&#146;s exclusive dealer manager in connection with the Offering. The Series A Preferred Stock is being offered by Gladstone Securities on a &#147;reasonable best efforts&#148; basis pursuant to a Dealer
Manager Agreement, dated as of May&nbsp;31, 2023, entered into between the Company and Gladstone Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The offering of Series A Preferred Stock
will terminate on the date that is the earlier of (1)&nbsp;December&nbsp;31, 2026 (unless earlier terminated or extended by the Company&#146;s Board of Directors) and (2)&nbsp;the date on which all 6,000,000 shares of Series A Preferred Stock
offered in the Offering are sold. There is currently no public market for shares of Series A Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investors are advised to carefully
consider the investment objectives, risks and charges and expenses of the Company before investing. The prospectus supplement, dated May&nbsp;31, 2023, and the accompanying prospectus, dated December&nbsp;22, 2021, which have been filed with the
U.S. Securities and Exchange Commission (the &#147;SEC&#148;), contain this and other information about the Company and should be read carefully before investing. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Offering is currently being conducted as a public offering under the Company&#146;s effective shelf registration statement, filed with the SEC (File
No.&nbsp;333- 261398), which became effective on December&nbsp;22, 2021. <B>To obtain a copy of the prospectus supplement and the related base prospectus for this offering, please contact: Gladstone Securities, LLC, via email at
<U>glad.series.a@gladstonesecurities.com</U></B><B>.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This communication shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Gladstone Capital Corporation</B>: Gladstone Capital Corporation is a publicly traded business development company that invests in debt and
equity securities consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release contains
statements as to the Company&#146;s intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking
statements are made. These statements relate to the offering of Series A Preferred Stock. No assurance can be given that the transaction discussed above will be completed on the terms described, or at all. Completion of the offering on the terms
described are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law. For a description of certain risks to which the Company is or may be subject, please refer to the factors discussed under the captions &#147;<I>Forward-Looking Statements</I>&#148; and &#147;<I>Risk
Factors</I>&#148; included in the Company&#146;s filings with the SEC (accessible at www.sec.gov). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CONTACT: For further information: Gladstone Capital
Corporation, (703) <FONT STYLE="white-space:nowrap">287-5893.</FONT> </P>
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