Gladstone Capital (GLAD) Plans Common Stock Offering

October 25, 2016 4:14 PM EDT

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Gladstone Capital Corporation (Nasdaq: GLAD) announced that it plans to sell shares of its 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 to cover overallotments, if any. Janney Montgomery Scott LLC, D.A. Davidson & Co., Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS) and Wunderlich Securities, Inc. are serving as the joint book running managers for the offering.

The Company intends to use the net proceeds from this offering to repay existing indebtedness, to fund investments and for other general corporate purposes.

Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated October 25, 2016, and the accompanying prospectus, dated March 29, 2016, which have been filed with the Securities and Exchange Commission, contain this and other information about the Company and should be read carefully before investing.

The offering is being conducted as a public offering under the Company's effective shelf registration filed with the Securities and Exchange Commission (File No. 333-208637). To obtain a copy of the prospectus and the preliminary prospectus supplement for this offering, please contact: Janney Montgomery Scott LLC, 60 State Street, Boston, MA 02109, Attention: Equity Capital Markets Group or prospectus@janney.com.



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