Investor Presentaiton

Industry and Deal Sources Are Diversified Portfolio Diversification Across 13 Industries - At 6/30/2023 Fair Value Personal and Non-Durable Consumer Products (2.1%) Machinery (0.9%) Other (1.6%) Deal Source Composition - At 6/30/2023 Fair Value 1.4% 1.2% 1.4% Automobile (3.1%) Oil and Gas (3.8%) Beverage, Food, and Tobacco (10.4%) Diversified/Conglomerate Service (23.0%) Aerospace and Defense (12.3%) Healthcare, Education, and Childcare (20.3%) ← GLADSTONE Diversified/Conglomerate Manufacturing (22.5%) 19.0% 77.0% Sponsor Backed (77%) Syndication (1.4%) ■ GLAD Controlled (1.4%) ■ Non-Sponsor Backed (19%) ■ Affiliated Sponsor (GAIN) (1.2%) Page 11

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