Recent Updates — GAIN

On October 1, 2026, Erika Highland officially assumed the role of President at Gladstone Investment Corporation. This appointment follows a prior announcement on March 23, 2026, and marks her transition from Executive Vice President to the top operational leadership position. Concurrently, David Dullum stepped down as President but retained his position as Chief Executive Officer. Highland brings extensive experience to the role, having served as Senior Managing Director since October 2023 and leading investment activities for numerous portfolio companies within the Gladstone network. She holds a Bachelor of Science in Business Administration from Boston College and previously worked at Wells Fargo Retail Finance and A.G. Edwards. The company operates in the business development industry, providing capital to middle-market companies.

Gladstone Investment Corporation through its subsidiary Gladstone Business Investment, LLC entered into Amendment No. 13 to its Fifth Amended and Restated Credit Agreement with KeyBank National Association and other lenders. The amendment extends the revolving period to June 8, 2029, and the final maturity date to two years after the revolving period ends. The facility size was increased from $300.0 million to $405.0 million, with a potential maximum of $500.0 million. Interest rates on advances are now 30-day SOFR plus 2.85% until June 8, 2029, with margins of 30-day SOFR plus 3.10% and 3.35% in subsequent years. Gladstone Investment Corporation is a business development company that provides capital to middle-market companies.