Filed pursuant to Rule 497(a)(1)
File No. 333-147185
Rule 482 ad
Gladstone Investment Announces Subscription Price of $ per
share for Transferable Rights Offering
McLean,
VA, April 21, 2008: Gladstone Investment Corp. (NASDAQ: GAIN) (the Company)
announced today that the subscription price for its transferable rights
offering, which allowed stockholders of record as of March 31, 2008 to
purchase additional shares of common stock, has been set at $7.48 per
share. As previously announced, the subscription
price is 93% of the volume-weighted average of the sales prices of the Companys
common stock on the NASDAQ Global Select Market for the five consecutive
trading days ending on the expiration date of April 21, 2008. All of the rights
expired at 5:00PM EDT Monday, April 21, 2008.
The Company will announce the final results of the rights offering upon
the completion of the closing of the offering, which the Company expects to
occur on April 28, 2008.
Gladstone Investment Corporation is an investment company that seeks to
make debt and equity investments in small and mid-sized private businesses in
the U.S. in connection with acquisitions, changes in control and
recapitalizations. For more information
please visit our website at www.GladstoneInvestment.com
For further information contact Investor Relations at 703-287-5835.
This
press release may include statements that may constitute forward-looking
statements, including statements with regard to the future performance of the
Company. Words such as believes, expects,
anticipates, estimated, approximately 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 Companys
current plans that are believed to be reasonable as of the date of this press
release. Factors that may cause the
Companys 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 Companys Prospectus dated January 14, 2008, as filed with the
Securities and Exchange Commission on March 24, 2008. These
forward-looking statements also include unknown risks and uncertainties,
including the completion of the Offering, the development of an active trading
market for the rights, the amount of proceeds of the Offering, the availability
of attractive investment opportunities, managements ability to identify investment
opportunities that will balance the significance of other investments in the
Companys portfolio, and the effect of the Offering on future distributions by
the Company. 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.