Gladstone Capital Corp. (Nasdaq:GLAD) announced today that the Board of Directors declared monthly cash distributions of $0.07 per common share for each of the months of October, November and December of 2009.

 Summary Table for Cash Distributions for the Quarter Ending
 December 31, 2009:

 ------------ ------------ ------------ ------------- ------------
   Declared      X-Date    Record Date  Payment Date      Cash
                                                      Distribution
 ------------ ------------ ------------ ------------- ------------
 October 6    October 20   October 22   October 30    $0.07
 ------------ ------------ ------------ ------------- ------------
 October 6    November 17  November 19  November 30   $0.07
 ------------ ------------ ------------ ------------- ------------
 October 6    December 18  December 22  December 31   $0.07
 ------------ ------------ ------------ ------------- ------------

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

Gladstone Capital Corporation is a specialty finance 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. For more information please visit our website at www.GladstoneCapital.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Gladstone Capital Corporation

CONTACT: Gladstone Capital Corporation Investor Relations 703-287-5839