Gladstone Capital Announces Monthly Dividends for April, May and June of $0.14 per Common Share


Gladstone Capital Corp. (NASDAQ:GLAD) (the "Company") announced today that the Board of Directors declared dividends of $0.14 per common share for each of the months of April, May and June of 2007. Monthly dividends will be payable on April 30, 2007, May 31, 2007 and June 29, 2007 to shareholders of record for those dates on April 20, 2007, May 22, 2007 and June 21, 2007, respectively. The dividends equate to a quarterly dividend of $0.42 and an annual dividend of $1.68 at the current rate.

Gladstone Capital offers a Dividend Reinvestment Plan (DRIP). For more information regarding the DRIP, please visit our website at

Summary Table for common stock dividends for the Quarter Ending June
 30, 2007:
   Declared     X-Dividend   Record Date   Payment Date     Amount
   April 11      April 18      April 20      April 30       $0.14
   April 11       May 18        May 22        May 31        $0.14
   April 11      June 19       June 21       June 29        $0.14
                     Total for the Quarter Ending June 30, 2007: $0.42

In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, the Company will post a Section 19 notice to the "Important Notices" section of the DTC website ( and send out to its registered shareholders a Section 19 notice along with the payment of dividends declared for the months of May and June. This notice will not be for tax reporting purposes and will be provided only for informational purposes.

Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, second lien loans, and senior subordinate loans in small and medium sized businesses. For more information please visit our website at

For further information contact Investor Relations 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," "projects," "seeks," 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" in the Company's Form 10-K dated September 30, 2006, as filed with the Securities and Exchange Commission on December 6, 2006, and in the Company's Form 10-Q dated December 31, 2006, as filed with the Securities and Exchange Commission on February 6, 2007. 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.

Source: Gladstone Capital Corp.