Gladstone Investment Corporation Exits its Investment in Nth Degree, Inc.

MCLEAN, VA - Gladstone Investment Corporation (Nasdaq:GAIN) has announced the sale of its portfolio company, Nth Degree, Inc., to Shamrock Capital. This transaction has resulted in a significant capital gain for Gladstone Investment on its remaining equity position. Originally acquired in 2015, Gladstone sold a majority of its equity in 2019 and reinvested in 2023 to support Nth Degree's acquisition of Exposition Holdings, LLC.

Nth Degree, based in Duluth, GA, provides exhibit management and event services globally. Mitchell Grant, Director at Gladstone Investment, praised the partnership and the management team's achievements. David Dullum, President of Gladstone Investment, highlighted the company’s strategy to generate gains from equity and strong current income from debt investments.

Gladstone Investment focuses on equity and secured debt investments in lower middle market businesses in the U.S. More details on the transaction are available at www.gladstoneinvestment.com.