Gladstone Capital Corporation announced George Stelljes III notified management of the company of his intent to resign as a director and the president, chief investment officer, and assistant secretary of the company in the near future. Mr. Stelljes has resigned; effective at the close of business on January 31, 2013. Additionally, Mr. Stelljes resigned from his positions as an officer and a director of Gladstone Management Corporation, the company's investment adviser (the Adviser), effective the same date.

Mr. Stelljes will continue on as a consultant for the Adviser.