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Gladstone Investment Corporation Exits its Investment in Alloy Die Casting Corporation

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MCLEAN, Va., Aug. 26, 2019 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone Investment”) announced today the sale of its investment in GAIN ADC Holdings, LLC, parent company to Alloy Die Casting Corporation (“ADC”), to PWP Growth Equity on August 23, 2019.  The transaction resulted in a significant realized gain on Gladstone Investment’s equity investment and full repayment at par of the debt investment. Gladstone Investment acquired ADC in October 2013.