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Gladstone Investment offering common shares

Gladstone Investment Corp. is offering up to $35 million of its common shares.

Net proceeds, which it expects to be $34.1 million, will be used to repay obligations to a credit facility with KeyBank NA and fund new investment opportunities. The remaining proceeds will be used for other general corporate purposes.

Cantor Fitzgerald & Co., Ladenburg Thalmann and Wedbush Securities are acting as the sales agents.