Gladstone Investment Corporation Announces Monthly Cash Distributions for January, February and March

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MCLEAN, Va., Jan. 12, 2010 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared monthly cash distributions of $0.04 per share of common stock for each of January, February and March of 2010.

Summary Table for Cash Distributions for Quarter Ending March 31, 2010: 



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                                                             Cash
   Declared        X-Date      Record Date  Payment Date Distribution
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  January 12     January 19    January 21    January 29     $ 0.04
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  January 12     February 16   February 18   February 26    $ 0.04
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  January 12      March 19      March 23      March 31      $ 0.04
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                                 Total for the Quarter:     $ 0.12
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David Dullum, President of the Company, commented, "We are pleased with our portfolio performance and our ability to continue our cash distributions to shareholders commensurate with our net investment income. We continue to seek opportunities to build our portfolio and net investment income."

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

To comply with the requirements of Section 19(a) of the Investment Company Act of 1940, as amended, the Company will post a Section 19(a) notice through the Depository Trust Company's Legal Notice System (LENS) and send out to its registered shareholders a Section 19(a) notice along with the payment of dividends declared for March. This notice will not be for tax reporting purposes and will be provided solely for informational purposes.

The Company is a specialty finance company that invests in debt securities consisting primarily of senior term loans, second term lien loans, senior subordinate term loans, preferred stock and warrants to purchase common stock in small and medium sized businesses. For more information, please visit www.GladstoneInvestment.com or contact Investor Relations at 703-287-5839.

Forward-Looking Statements:

The statements in this press release regarding the performance of our portfolio of investments and our ability to continue cash distributions to shareholders commensurate with our net investment income are forward-looking statements that involve a number of known and unknown risks and uncertainties. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the effects of the current state of the economy and the capital markets on our portfolio companies' financial positions and operating results and, in turn, our operating results, and our ability to raise capital or increase the amount of our debt financing to grow our portfolio of investments. Additional factors that could cause actual results to differ materially from those stated or implied by our forward-looking statements are disclosed in the Risk Factors sections of our filings with the Securities and Exchange Commission. These forward-looking statements represent our judgment as of the time of the issuance of this press release. We disclaim any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law. 

CONTACT:  Gladstone Investment Corporation
          Investor Relations
          703-287-5839

Released January 12, 2010