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Gladstone Capital Announces Monthly Dividends for October, November and December of $0.14 Per Common Share.


MCLEAN, Va. -- Gladstone Capital Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:GLAD) (the "Company") announced today that the Board of Directors declared dividends declared dividend

A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment.
 of $0.14 per common share for each of the months of October, November and December of 2007. Monthly dividends will be payable per the table below. The dividends equate e·quate  
v. e·quat·ed, e·quat·ing, e·quates

v.tr.
1. To make equal or equivalent.

2. To reduce to a standard or an average; equalize.

3.
 to a quarterly dividend of $0.42 and an annual dividend of $1.68 at the current rate.

Gladstone Capital offers a Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP)

Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price.
 (DRIP). For more information regarding the DRIP, please visit our website at www.GladstoneCapital.com.

Summary Table for common stock dividends for the Quarter Ending December 31, 2007:
[TABLE OMITTED]


In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, the Company will post a Section 19 notice through the Depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box.  Trust Company's Legal Notice System (LENS) and send out to its registered shareholders a Section 19 notice along with the payment of dividends declared for the months of October, November, and December. This notice will not be for tax reporting purposes and will be provided only for informational purposes.

Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, second lien loans A Second Lien Loan is a simple loan with a subordinated security (finance) structure or no security at all (unsecured debt), meaning that the borrower grants another provider of a finance instrument (eg. , and senior subordinate loans in small and medium sized businesses. For more information please visit our website at www.GladstoneCapital.com.

For further information contact Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 at 703.287.5835.

This press release may include statements that may constitute "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
," including statements with regard to the future performance of the Company. Words such as "believes," "expects," "estimated," "projects," "seeks," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements include, among others, those factors listed under the caption "Risk Factors" in the Company's "Risk factors" of the Company's prospectus dated July 5, 2007, as filed with the Securities and Exchange Commission on July 5, 2007. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Publication:Business Wire
Date:Oct 9, 2007
Words:424
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