MCLEAN, Va., Dec. 6, 2011 /PRNewswire/ -- Gladstone Capital Corporation (NASDAQ: GLAD) (the "Company") announced today that its board of directors declared a combined cash distribution of $0.28203125 per share of the Company's 7.125% Series 2016 Term Preferred Stock ("Term Preferred Stock") (NYSE: GLADPRA), which is comprised of the monthly amount for December 2011 and a pro-rated monthly amount for November 2011, for the time period during which the Term Preferred Stock was issued and outstanding, payable per the table below.  This is the first cash distribution declared for the Company's Term Preferred Stock.

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Gladstone Capital Corporation is a publicly traded business development company that invests in debt securities consisting primarily of senior term loans, second term lien loans, and senior subordinate term loans in small and medium sized businesses. Including payments declared through December 2011, the Company will have paid 99 consecutive monthly cash distributions on its common stock. Before the Company started paying monthly distributions, the Company paid eight consecutive quarterly cash distributions on its common stock. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

SOURCE Gladstone Capital Corporation