Gladstone Investment Corporation Announces Common Stock Offering

Gladstone Investment Corporation GAIN (the "Company") today announced that it plans to sell 3,000,000 shares of common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of common stock on the same terms and conditions solely to cover over-allotments, if any. Janney Montgomery Scott LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), and Wunderlich Securities, Inc. are serving as the offering's joint book-running managers, and J.J.B. Hilliard, W.L. Lyons, LLC and Maxim Group LLC are serving as co-managers. The Company intends to use the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility.