MCLEAN, Va., April 12, 2011 /PRNewswire/ -- Gladstone Investment Corporation (Nasdaq: GAIN) (the "Company") announced today that its board of directors declared monthly cash distributions of $0.045 per share of common stock for each of the months April, May and June of 2011.

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Summary Table for Cash Distributions for Quarter Ending June 30, 2011:

Declaration Date Ex-Dividend Date Record Date Payment Date Cash Distribution

April 12         April 20         April 22    April 29     $ 0.045

April 12         May 18           May 20      May 31       $ 0.045

April 12         June 16          June 20     June 30      $ 0.045

Total for the Quarter:                                     $ 0.135

The quarter ending June 30, 2011 distributions represent a 12.5% increase from the distributions declared by the Company for the quarter ended March 31, 2011.

In accordance with section 855(a) of the Internal Revenue Code, the Company elects to treat a portion of the distributions to be paid in April 2011 as having been paid during the fiscal tax year ended March 31, 2011.

The Company offers a dividend reinvestment plan (the "DRIP") to its stockholders. For more information regarding the DRIP, please visit www.gladstoneinvestment.com.

Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

SOURCE Gladstone Investment Corporation