Gladstone Investment Corporation (Nasdaq: GAIN), a business development company (“BDC”), is a private equity fund focused on acquiring mature, middle market companies with attractive fundamentals and strong management teams. As a publicly-traded BDC, GAIN provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides GAIN’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside. In addition to providing most, if not all, of the equity and debt capital required to close a transaction, GAIN has no partnership end-of-life deadlines and can structure investments in line with the long-term needs of the businesses we invest in. By providing truly patient, long-term capital, GAIN is a value-added partner to the companies we invest in. We are a part of the Gladstone Companies, which includes three other affiliated publicly-traded companies: Gladstone Capital Corporation (Nasdaq: GLAD) a BDC primarily focused on debt investments; Gladstone Commercial Corporation (Nasdaq: GOOD) is a real estate investment trust (“REIT”) that invests in office and industrial properties in the U.S.; and Gladstone Land Corporation (Nasdaq: LAND) is a REIT investing in farmland located in major agricultural markets in the U.S. GAIN typically invests up to $70 million of debt and equity in a transaction. Most of the businesses in which we invest are market leaders in stable industries, have profitable operations and strong management teams with proven results during various economic cycles. Companies we invest in typically have the following characteristics: • $3 million to $20 million in EBITDA • Experienced management team • Proven business model • Predictable and stable cash flow with consistent earnings • Minimal market risk or technology risk • Potential to expand cash flow • Long term customer relationships • Continental United States location