GAIN Gladstone Investment Corporation

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	Cash Distribution
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

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 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 www.gladstoneinvestment.com or contact Investor Relations at 703-287-5893.

CONTACT:  Gladstone Investment Corporation
          Investor Relations
          703-287-5893
          www.gladstoneinvestment.com