Company: GAINI
Filing Date: 2025-08-13
Form Type: 40-APP/A
Source: 0001193125-25-179356
Chunk: 15

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-13
Form: 40-APP/A
Chunk 15
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 Name:                               |     | David Gladstone         |
| Title:                              |     | Chief Executive Officer |
| GLADSTONE CAPITAL CORPORATION       |     |                         |
| By:                                 |     | /s/ David Gladstone     |
| Name:                               |     | David Gladstone         |
| Title:                              |     | Chief Executive Officer |
| GLADSTONE INVESTMENT CORPORATION    |     |                         |
| By:                                 |     | /s/ David Gladstone     |
| Name:                               |     | David Gladstone         |
| Title:                              |     | Chief Executive Officer |
| GLADSTONE MANAGEMENT CORPORATION    |     |                         |
| By:                                 |     | /s/ David Gladstone     |
| Name:                               |     | David Gladstone         |
| Title:                              |     | Chief Executive Officer |
| Existing Wholly-Owned Subsidiaries: |     |                         |
| GLADSTONE BUSINESS LOAN, LLC        
 GLADSTONE BUSINESS INVESTMENT, LLC  |     |                         |
| By:                                 |     | /s/ David Gladstone     |
| Name:                               |     | David Gladstone         |
| Title:                              |     | Chief Executive Officer |

EXHIBIT A

Approval of Filing Application for Co-Investment Relief

WHEREAS, the Board deems it is advisable and in the best interest of the Fund to file with the U.S. Securities and Exchange Commission (the
“Commission”) an application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the “1940 Act”), and Rule 17d-l promulgated
thereunder (the “Application”), to authorize the entering into of certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and
Rule 17d-1 promulgated thereunder.

NOW, THEREFORE, BE IT RESOLVED, that the officers of
Gladstone Management Corporation and the Fund be, and each of them hereby is, authorized and directed on behalf of the Fund and in its name and on behalf of the Fund, to prepare, execute, and cause to be filed with the Commission an Application for
an Order of Exemption, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 194