Item 2.02. Results of Operation and Financial Condition

On January 13, 2009, Gladstone Capital Corporation issued a press release referencing certain valuation information of its investment portfolio as of December 31, 2008. The text of the press release issued on January 13, 2009 is included as an exhibit to this Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and herein are deemed to be furnished and shall not be deemed to be filed.

Item 9.01. Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable

(c) Not applicable

(d) Exhibit 99.1 - Press release dated January 13, 2009