Gladstone Capital Corporation Announces Common and Preferred Stock Cash Distributions for January, February and March

(NASDAQ: GLAD) (the "Company") announced today that its board of directors declared monthly cash distributions:

$0.07 per common share for each of the months of January, February and March of 2012, payable per the table below. Including the payments below, the Company has paid 102 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid eight consecutive quarterly cash distributions. The Company has paid distributions to its common stockholders for over ten years.

Table 1: Summary Table for Common Stock Distributions for Quarter Ending March 31, 2012:

Declaration Date	Ex-Dividend Date	Record Date	Payment Date	Cash Distribution
January 10	January 19	January 23	January 31	$0.07
January 10	February 16	February 21	February 29	$0.07
January 10	March 20	March 22	March 30	$0.07
Total for the Quarter:				$0.21

$0.1484375 per share of the Company's 7.125% Series 2016 Term Preferred Stock for each of the months of January, February and March 2012. The Series 2016 Term Preferred Stock trades on the New York Stock Exchange under the symbol "GLADPRA". Monthly distributions will be payable per Table 2 below.

Declaration Date	Ex-Dividend Date	Record Date	Payment Date	Cash Distribution
January 10	January 19	January 23	January 31	$0.1484375
January 10	February 16	February 21	February 29	$0.1484375
January 10	March 20	March 22	March 30	$0.1484375
Total for the Quarter:				$0.4453125

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit .

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. Information on the business activities of all the Gladstone funds can be found at .

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

SOURCE Gladstone Capital Corporation

For further information: CONTACT: Gladstone Capital Corporation, [phone]