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Gladstone Investment Corporation Exits its Investment in Counsel Press Holdings Inc.

MCLEAN, VA / ACCESSWIRE / October 23, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Counsel Press Holdings Inc. ("Counsel Press") to Align Capital Partners. As a result of this transaction, Gladstone Investment realized a meaningful capital gain on its equity investment. Gladstone Investment invested in Counsel Press in 2015.

Founded in 1938 and headquartered in New York, New York, Counsel Press is a tech-enabled outsourced legal services firm that supports attorneys and clients pursuing appeals in courts across all states. Counsel Press helps law firms navigate all portions of the appellate filing process including court rules and document preparation, litigation workflow, and legal research and writing.

"Gladstone Investment has enjoyed a strong partnership with Counsel Press and its talented management team over many years. We are proud to have supported the business through a period of transformation and growth, both organically and through acquisition," said Erika Highland, Managing Director of Gladstone Investment. "The entire Counsel Press management team has achieved outstanding results in building upon its legacy of operational excellence and we wish them continued success."

"With the sale of Counsel Press and from inception in 2005, Gladstone Investment has exited 30 of its management supported buy-outs, generating significant net realized gains on these investments," said David Dullum, President of Gladstone Investment. "Our fund strategy is to realize gains on equity, while also generating strong current income during the investment period from debt investments alongside our equity investments. This provides meaningful value to our shareholders with potential stock appreciation and dividend growth."

Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at For Investor Relations inquiries related to any of the monthly distribution-paying Gladstone family of funds, please visit

Counsel Press was represented by JEGI CLARITY, a leading independent investment bank for software and tech-enabled services companies in the legal, compliance, media and business information sectors.

Forward-looking Statements:

The statements in this press release regarding the longer-term prospects of Gladstone Investment and Counsel Press and its management team, and the ability of Gladstone Investment and Counsel Press to be successful in the future are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment's current beliefs that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment's filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward looking statements whether as a result of new information, future events or otherwise, except as required by law.

For further information: Gladstone Investment Corporation, 703-287-5810

SOURCE: Gladstone Investment Corporation

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