Gladstone Investment Corporation Announces Monthly Cash Distributions for July, August and September

MCLEAN, Va., July 7, 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 July, August and September of 2010.

         Summary Table for Cash Distributions for Quarter Ending September 30, 2010:

         Declared             X-Date         Record Date       Payment Date         on
  ----------------------  --------------  ----------------  -----------------  -----------

          July 7             July 20           July 22           July 30          $ 0.04
  ----------------------  --------------  ----------------  -----------------  -----------

          July 7             August 19       August 23          August 31         $ 0.04
  ----------------------  --------------  ----------------  -----------------  -----------

          July 7           September 20     September 22       September 30       $ 0.04
  ----------------------  --------------  ----------------  -----------------  -----------

                                                       Total for the Quarter:     $ 0.12
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The Company offers a dividend reinvestment plan (the "DRIP") to its shareholders. For more information regarding the DRIP, please visit

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 July and August. 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 or contact Investor Relations at 703-287-5893.

CONTACT:  Gladstone Investment Corporation
          Investor Relations