GAIN Gladstone Investment Corporation

MCLEAN, Va., Oct. 13 /PRNewswire-FirstCall/ -- Gladstone Investment Corp. (NASDAQ:GAIN) (the "Company") announced today the investment activity for the Company as of September 30, 2005. The company has made nine investments totaling approximately $40 million. These investments have all been senior loans. "In a response to many questions from investors, we want to assure the marketplace that the company continues to move forward on its investment objectives of building and strengthening its long-term portfolio," said Chip Stelljes, President and Chief Investment Officer. Gladstone Investment Corporation is an investment company that seeks to make debt and equity-type investments in small and mid-sized private businesses in the U.S. For more information please visit our website at http://www.gladstoneinvestment.com/. For further information contact our Investor Relations Manager, Kelly Sargent at 703-287-5835. This press release may include statements that may constitute "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the future performance of the Company. Words such as "believes," "expects," "estimated," "estimates," "projects" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements include, among others, those factors listed under the caption "Risk factors" of the Company's Registration Statement on Form N-2, as filed with the Securities and Exchange Commission on June 22, 2005. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Gladstone Investment Corp. CONTACT: Kelly Sargent of Gladstone Investment Corp., +1-703-287-5835 Web site: http://www.gladstoneinvestment.com/

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