MCLEAN, Va., April 10, 2012 /PRNewswire/ -- Gladstone Capital Corporation (NASDAQ: GLAD) (the "Company") announced today that its board of directors declared monthly cash distributions of $0.1484375 per share of the Company's 7.125% Series 2016 Term Preferred Stock ("Term Preferred Stock") for each of April, May and June 2012. The Term Preferred Stock trades on the New York Stock Exchange under the symbol "GLADPRA." Monthly distributions will be payable per the table below.

Summary Table for Term Preferred Stock cash distributions for the quarter ending June 30, 2012:

The Company's board of directors will reconvene tomorrow to discuss the declaration of monthly cash distributions to the Company's common stockholders (the boards of directors of the Company's affiliated funds, Gladstone Commercial Corporation and Gladstone Investment Corporation, will also meet tomorrow to discuss the declaration of monthly cash distributions to their respective stockholders).

Gladstone Capital Corporation is a publicly traded business development 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 in the United States. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

(Logo:  https://photos.prnewswire.com/prnh/20101005/GLADSTONECAPITAL )

SOURCE Gladstone Capital Corporation