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Gladstone Investment Corp., 6.25% Series D Cumulative Term Preferred Stock

If this issue is not redeemed at mandatory redemption time the coupon shall increase by 3%

Redeemed 03/03/2021

Ticker: GAINM

Parent Ticker: GAIN

OTC Grey Market Temporary Ticker: NA

Issuance Date: 09/19/2016

1st Call Date: 09/30/2018

Maturity Date: 09/30/2023

Shares Issued: 2,000,000

Overallotment Shares: 300,000

Coupon: 6.25%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.13

Payment Months: Pays Every Month

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR