Company: GAINI
Filing Date: 2025-08-13
Form Type: 40-APP/A
Source: 0001193125-25-179356
Chunk: 4

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-13
Form: 40-APP/A
Chunk 4
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 make distributions to shareholders that grow over time; and (ii) provide GALT’s shareholders with long-term capital appreciation in the value of GALT’s assets by investing in equity securities of established businesses, including in connection with its debt investments, that its believe can grow over time to permit GALT to sell its equity investments for capital gains. GALT has a seven-member board (the “ GALT Board”), of which five members are not “interested” persons of GALT within the meaning of Section 2(a)(19) of the Act. 9

| B. | GLAD |

GLAD was organized as a corporation under the General Corporate Laws of the State of Maryland on May 30, 2001 and completed an initial public offering on August 23, 2001. GLAD is an externally managed, non-diversified, closed-end managementinvestment company that has elected to be regulated as a BDC, under the Act. GLAD intends to qualify annually as a regulated investment company under Sub-ChapterM of the Internal Revenue Code of 1986, as amended. GLAD’s principal place of business is 1521 Westbranch Drive, Suite 100, McLean, Virginia 22102. GLAD’s investment objectives are to: (1) achieve and grow current income by investing in debt securities of established lower middle market companies in the U.S. that GLAD believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on GLAD’s outstanding indebtedness and make distributions to stockholders that grow over time; and (2) provide GLAD’s stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, in connection with its debt investments, that GLAD believes can grow over time to permit it to sell its equity investments for capital gains. GLAD has a seven-member board (the “ GLAD Board”), of which five members are not “interested” persons of GLAD within the meaning of Section 2(a)(19) of the Act.

| 6 | “Co-Investment Transaction” means the                                                                                                  
 acquisition or Disposition of securities of an issuer in a transaction effected in reliance on the Order or previously granted relief. |

| 7 | “Adviser” means GMC and any other investment adviser controlling, controlled by, or                    
 under common control with GMC. The term “Adviser” also includes any internally-managed Regulated Fund. |

| 9 | The Board of each Future Regulated Fund