Exhibit
2.n.3
Report of
Independent Registered Public Accounting Firm on Financial
Statement Schedule
To the Board of Directors and Stockholders
of Gladstone Capital Corporation:
Our audit of the consolidated financial statements and of the
effectiveness of internal control over financial reporting
referred to in our report dated November 22, 2010 appearing
in the accompanying registration statement on Form N-2 of
Gladstone Capital Corporation also included an audit of the
senior securities table appearing on page 77. In our
opinion, the senior securities table presents fairly, in all
material respects, the information set forth therein when read
in conjunction with the related consolidated financial
statements.
/s/ PricewaterhouseCoopers LLP
November 22, 2010