GLADSTONE INVESTMENT CORPORATION Shares of Preferred Stock UNDERWRITING AGREEMENTUnderwriting Agreement • May 12th, 2015 • Gladstone Investment Corporation\de • New York
Gladstone Investment Corporation, a Delaware corporation (the “Company”), Gladstone Management Corporation, a Delaware corporation (the “Adviser”), and Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), each confirms with Janney Montgomery Scott LLC (“Janney”) and each of the other underwriters named in Exhibit A hereto (collectively, the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 8 hereof), for whom Janney is acting as the representative (in such capacity, the “Representative”) with respect to the issuance and sale by the Company of a total of 1,400,000 shares (the “Initial Securities”) of the Company’s 6.50% Series C Cumulative Term preferred stock, par value $0.001 per share (the “Preferred Stock”), and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of Initial Securities set forth opposite their respective names in Exhibit A hereto,
