LOGO

September 2, 2014

VIA EDGAR AND ELECTRONIC DELIVERY

John Ganley, Esq.

Division of Investment Management, Examiner

United States Securities and Exchange Commission

100 F Street, N.E.

Mail Stop 8626

Washington, D.C. 20549

Re: Gladstone Investment Corporation – Universal Shelf Registration Statement on Form N-2, File No. 333-181879 (the “Registration Statement”)

Dear Mr. Ganley:

The undersigned registrant hereby requests that the Securities and Exchange Commission take appropriate action to cause the above-referenced Registration Statement to be declared effective on September 4, 2014 or as soon thereafter as possible.

 

Very truly yours,
GLADSTONE INVESTMENT CORPORATION
By:  

/s/ David Watson

Name:   David Watson
Title:   Chief Financial Officer

Cc: Lori B. Morgan