Gladstone Investment Corporation Announces Proxy Filing and Conference Call Date to Discuss Proxy Proposals

MCLEAN, Va., June 20, 2014 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that it plans to hold a conference call on Wednesday, June 25, 2014, at 9:00 am EDT to discuss the matters scheduled for a vote at this year's annual meeting of stockholders to be held on August 7, 2014. On Friday, June 20, 2014, the Company filed its statement for the annual meeting of stockholders (the "Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") and mailed it to stockholders of record as of the record date for the annual meeting (June 9, 2014). The matters scheduled for a vote at the annual meeting, as described in the Proxy Statement, are as follows:

1. The election of two directors to hold office until the 2017 annual meeting of stockholders, as follows:
   
   
   • Anthony W. Parker to be elected by the holders of common stock and preferred stock, voting together as a single class, to serve until the 2017 Annual Meeting of Stockholders or until his successor is elected and qualified; and
   • Michela A. English to be elected solely by the holders of preferred stock, voting as a single class to serve until the 2017 Annual Meeting of Stockholders or until her successor is elected and qualified.
      
2. The approval of a proposal to authorize us, with the approval of our Board, to issue and sell shares of our common stock (during the next 12 months) at a price below its then current net asset value ("NAV") per share, subject to certain limitations set forth herein (including, without limitation, that the number of shares issued and sold pursuant to such authority does not exceed 25% of our then outstanding common stock immediately prior to each such sale).

The Proxy Statement describing the proposals is available on the Company's website at www.GladstoneInvestment.com and is also available on the SEC's website at www.sec.gov. Stockholders may also access the proxy statement at www.proxyvote.com using the Company number and proxy control number printed on their proxy cards. Stockholders will have an opportunity to ask questions regarding the proposals during the conference call. You may call (855) 376-7516 to enter the conference (international callers must dial (484) 365-2906), and an operator will monitor the call and set a queue for the questions.

A conference call replay will be available beginning two hours after the call and will be available through the date of the annual meeting, Thursday, August 7, 2014. To hear the replay, please dial (800) 585-8367 and use conference code 43664331. The call will also be available via webcast at www.GladstoneInvestment.com.

Gladstone Investment Corporation is an investment company that seeks to make debt and equity investments in small and mid-sized private businesses in the U.S. in connection with acquisitions, changes in control and recapitalizations. Gladstone Investment Corporation has paid 108 consecutive monthly cash distributions on its common stock.

CONTACT: Gladstone Investment Corporation: +1 703 287 5893

Released June 20, 2014