GLADSTONE CAP CORP

CUSIP: 376535AG5 Class: NOTE 5.875%10/0

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

OAKTREE CAPITAL MANAGEMENT LP
Value ($000) $739 Shares 754,000
Russell Investments Group, Ltd.
Value ($000) $531 Shares 535,000

Increased Positions (3)

Context Capital Management, LLC
Value ($000) $9,996 (-17.6%) Shares 10,200,000 (+83506.6%)
INCOME RESEARCH & MANAGEMENT
Value ($000) $4,709 (+3.6%) Shares 4,830,000 (+5.1%)
Radcliffe Capital Management, L.P.
Value ($000) $20,865 (+17.2%) Shares 21,400,000 (+18.9%)

Decreased Positions (4)

Jump Financial, LLC
Value ($000) $2,979 (-59.9%) Shares 3,000,000 (-60.0%)
BOOTHBAY FUND MANAGEMENT, LLC
Value ($000) $2,603 (-43.9%) Shares 2,671,000 (-42.9%)
MOORE CAPITAL MANAGEMENT, LP
Value ($000) $6,179 (-11.0%) Shares 6,340,000 (-9.4%)
STIFEL FINANCIAL CORP
Value ($000) $49 (-1.4%) Shares 48,750 (-1.4%)

Exited Positions (5)

Wellesley Asset Management
Value ($000) $14,468 Shares 14,800,000
Fort Baker Capital Management LP
Value ($000) $3,482 Shares 3,500,000
Saba Capital Management, L.P.
Value ($000) $1,475 Shares 1,500,000
BlueCrest Capital Management Ltd
Value ($000) $992 Shares 1,000,000
Nuveen, LLC
Value ($000) $3,957 Shares 4,000,000