Gladstone Capital Corporation

Gladstone Capital Corporation is listed on NASDAQ (GLAD). We are a specialty finance company that was incorporated under the General Corporation Laws of the State of Maryland on May 30, 2001 and that commenced its initial public offering on August 24, 2001. We operate as a closed-end, non-diversified management investment company, and have elected to be treated as a business development company under the Investment Company Act of 1940, as amended, which we refer to in this annual report as the 1940 Act. We seek to achieve a high level of current income by investing in debt securities, consisting primarily of senior notes, senior subordinated notes and junior subordinated notes, of established private businesses that are substantially owned by leveraged buyout funds, venture capital funds or family owned businesses. We also seek to provide our stockholders with long-term capital growth through the appreciation in the value of warrants or other equity instruments that we may receive when we make loans.

Gladstone Commercial Corporation

Gladstone Commercial Corporation is listed on NASDAQ (GOOD). Gladstone Commercial Corporation was incorporated under the General Corporation Laws of the State of Maryland on February 14, 2003 primarily for the purpose of investing in and owning net leased industrial and commercial real property and selectively making long-term industrial and commercial mortgage loans and we expect that a portion of our tenants and borrowers will be small and medium-sized businesses having significant buyout fund ownership and we expect that other tenants and borrowers will be family-owned businesses that have built significant equity from paying down the mortgage loans securing their real estate or through the appreciation in the value of their real estate. We believe that a number of our tenants will be corporations that do not have publicly rated debt, and we will buy the real estate from the company or from an owner that wishes to sell for personal reasons.

Home Federal Bancorp Inc. ..rally chartered stock corporation at the direction of Home Federal Savings and Loan Association of Nampa (Association) in connection with its mutual h..

HRPT PPTYS TR .., or REIT, formed in 1986 under the laws of the State of Maryland. Our primary business is the ownership and operation of real estate, including offic..

Hawk Corporation .. products and powder metal precision components for industrial, agricultural, performance and aerospace applications. We focus on designing, manufactu..

ICTS International N.V. ..nces herein to the Company include ICTS International N.V. (ICTS), its consolidated subsidiaries, Demco Consultants, Ltd. (Demco), an Israeli affiliat..

Internet Initiative Japan Inc. ..oration under the name of Internet Initiative Japan Inc., or IIJ. We were incorporated in December 1992 and operate under the laws of Japan. We began ..

Incyte Corporation ..at involve risks and uncertainties. These statements relate to future periods, future events or our future operating or financial plans or performance..

Insmed Inc. .. focused on the development and commercialization of drug products for the treatment of metabolic diseases and endocrine disorders. Currently, our dev..

Interphase Corporation ..e) enables rapid platform design and integration for the global voice, video, and data communications markets through custom and off-the-shelf communi..

Inspire Pharmaceuticals Inc. ..scovering, developing and commercializing prescription pharmaceutical products in disease areas with significant commercial markets and unmet medical ..

Jack In The Box Inc. .. franchises Jack in the Box® quick-service hamburger restaurants and Qdoba Mexican Grill® (Qdoba) fast-casual restaurants. In fiscal 2005, we generate..

Joy Global Inc. ..r and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. Our equipment is used in major mining cen..

Essex Property Trust Inc. ..istered and self-managed equity real estate investment trust (REIT) engaged in the ownership, acquisition, development and management of multifamily a..

KMG Chemicals Inc. .. of the largest sellers of industrial wood preserving chemicals in the United States. We also sell animal health pesticides and agricultural herbicide..

Coca-Cola Enterprises Inc. ..nsumers throughout North America, Great Britain, continental France, Belgium, the Netherlands, Luxembourg, and Monaco . Being the world's largest Coca..

Lam Research Corporation ..tion, was founded in 1980 and is headquartered in Fremont, California. The mailing address for our principal executive offices is 4650 Cushing Parkway..

Lancaster Colony Corporation .. is a diversified manufacturer and marketer of consumer products including specialty foods for the retail and foodservice markets; glassware and candl..

Lance Inc. ..orporation in 1926. Lance, Inc. and its subsidiaries are collectively referred to herein as the Company. The Company operates in one segment, snack fo..

LIN TV Corp .. operator with stations located in the United States and Puerto Rico. At December 31, 2004, our stations covered approximately 8.1% of U.S. television..

Lexmark International Inc. ..re corporation and the surviving company of a merger between itself and its former parent holding company, Lexmark International Group, Inc., (Group) ..

Manugistics Group Inc. .. Form 10-K are qualified by the sections captioned Forward-Looking Statements and Factors That May Affect Future Results in Item 7-Management's Discus..

Marcus Corporation (The) .. movie theatres and hotels and resorts. As of May 26, 2005, our theatre operations included 45 movie theatres with 504 screens throughout Wisconsin, O..

METALICO INC ..h eight operating subsidiaries in two distinct business segments: (a) ferrous and non-ferrous scrap metal recycling (Scrap Metal Recycling), and (b) l..

Manhattan Pharmaceuticals Inc. ..ommercializing biomedical and pharmaceutical technologies. We aim to acquire proprietary rights to these technologies by licensing or otherwise acquir..

Hersha Hospitality Trust ..d real estate investment trust that was organized in 1998 and completed its initial public offering in January of 1999. Our common shares are traded o..

Monmouth Real Estate Investment Corporation ..corporation operating as a qualified real estate investment trust (REIT) under Sections 856-860 of the Internal Revenue Code (the Code), and intends t..

Mossimo Inc. .. November 1995, and presently operates as a designer and licensor of apparel and related products under the Mossimo brand and other brands it owns or ..

BBVA Banco Frances S.A. ..NTINA Argentine Economic Scenario In the midst of relative political stability and fewer social disputes, during 2004 the Argentine economy showed onc..

Minerals Technologies Inc. ..hnology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products a..

Nanometrics Incorporated ..rketing of high-performance process control metrology systems used in the manufacture of semiconductors-integrated circuits and flat panel displays. O..

Neose Technologies Inc. ..atic technologies to develop proprietary drugs, focusing primarily on therapeutic proteins. We believe that our core enzymatic technologies, GlycoAdva..

NGP Capital Resources Company ..uly 2004 as a Maryland corporation to invest primarily in small and mid-size energy companies, which we generally define as companies that have net as..

Income Opportunity Realty Trust ..a corporation, is the successor to a California business trust organized on December 14, 1984, which commenced operations on April 15, 1985. Prior to ..

Micronetics Inc. .. and reincorporated in Delaware in 1987. In January 2003, Microwave Concepts, Inc., a Delaware corporation and a wholly-owned subsidiary of Micronetic..

NSTAR ..d through its subsidiaries in the energy delivery business serving approximately 1.4 million customers in Massachusetts, including approximately 1.1 m..

NVIDIA Corporation ..Report), the words believes, plans, estimates, anticipates, expects, intends, allows, can, will and similar expressions are intended to identify forwa..

Empire Resources Inc. ..are in 1990 under the name Integrated Technology USA, Inc. Until September 17, 1999, the Company was in the business of designing, developing and mark..

Old Line Bancshares Inc. (MD) ..he laws of the State of Maryland on April 11, 2003 to serve as the holding company of Old Line Bank. On May 22, 2003, the stockholders of Old Line Ban..

One Liberty Properties Inc. ..com. Our annual reports on Form 10-K, our quarterly reports on Form 10-Q and our periodic reports on Form 8-K (and any amendments to these reports) ar..

Openwave Systems Inc ..pendent provider of open standards software products and services for the telecommunications industry. We provide software and services to mobile and ..

OccuLogix Inc. ..o commercialize innovative treatments for eye diseases, including age-related macular degeneration, or AMD. AMD is the leading cause of late onset vis..

Peoples Community Bancorp Inc. ..nized in December 1999 at the direction of the Board of Directors of The People's Building, Loan and Savings Company, presently Peoples Community Bank..

Peoples Educational Holdings Inc. .., distributes, and markets supplementary books, technology, classroom assessment, and professional development materials for the K-12 market. Suppleme..

Pfeiffer Vacuum Technology AG ..y AG is domiciled at Berliner Strasse 43, D-35614 Asslar, Germany; telephone: +49-(0)6441-802-0, fax: +49-(0)6441-802-202, http:-www.pfeiffer-vacuum.n..

Pharmaceutical Product Development Inc. .. and development services and products to pharmaceutical, biotechnology and medical device companies. Our corporate mission is to help clients maximiz..

PPlus Trust ..urities held by PPLUS Trust Series VAL-1, please refer to Valero Energy Corporations (Commission file number 001-13175) periodic reports, including an..

Pacific Premier Bancorp Inc .. Pacific Premier Bancorp, Inc. and our consolidated subsidiaries, including Pacific Premier Bank, our primary operating subsidiary. All references to ..

PP&L Corporation ..s an energy and utility holding company that was incorporated in 1994. PPL has been exempted by the SEC from the provisions of PUHCA applicable to it ..

Partners Trust Financial Group Inc. .., which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. Thes..

Psychemedics Corporation ..n organized on September 24, 1986 to provide testing services for the detection of abused substances through the analysis of hair samples. The Company..

Performance Technologies Incorporated ..ier of platforms, components, software, and service solutions for the embedded systems marketplace that can be used in a broad range of applications a..

PPlus Trust ..urities held by PLUS Trust Series GSG-2, please refer to The Goldman Sachs Group, Inc.s (Commission file number 001-14965) periodic reports, including..

Quebecor World Inc. ...1 BUSINESS OVERVIEW 2.1.1 Our Business We are one of the largest commercial print media services companies in the world and one of the few commercial..

Radian Group Inc. .. to the global financial and capital markets. Our subsidiaries provide products and services through three primary business lines: mortgage insurance,..

Regent Communications Inc. ..uiring, developing and operating radio stations in mid-sized and small markets. We currently own 56 FM and 19 AM radio stations in 15 markets in Calif..

RIT Technologies Ltd. ..chnologies Ltd. was incorporated in Israel and commenced operations in 1989. We are a company limited by shares and operate under Israeli law. The pri..

Arbinet-thexchange Inc. ..routing and settling communications capacity. Members of our exchange, consisting primarily of communications services providers, anonymously buy and ..

Royal & SunAlliance Insurance Group PLC .. merger in 1996 of two of the then largest U.K. insurers Royal Insurance Holdings plc and Sun Alliance Group plc. Royal & Sun Alliance Insurance Group..

Royal Caribbean Cruises Ltd. .. The current parent corporation, Royal Caribbean Cruises Ltd., was incorporated on July 23, 1985 in the Republic of Liberia under the Business Corpora..

Southwest Airlines Company ..stic airline that provides point-to-point, low-fare service. Historically, routes served by Southwest had been predominantly short-haul, with high fre..

San Juan Basin Royalty Trust ..ws of the state of Texas by the San Juan Basin Royalty Trust Indenture (the Original Indenture) entered into on November 3, 1980, between Southland Ro..

Spirit Finance Corporation ..d our company refer to Spirit Finance Corporation, a Maryland corporation, and our subsidiaries, unless the context indicates otherwise. We are a self..

Synagro Technologies Inc. ..ts to secure the protection of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for all forward-looking statements m..

Smurfit-Stone Container Corporation .., Company or Smurfit-Stone refers to the business of Smurfit-Stone Container Corporation and its subsidiaries. GENERAL Smurfit-Stone Container Corpora..

SWISSCOM AG ..ons provider in Switzerland, offering a comprehensive range of products and services to residential and business customers. As the leading provider of..

Telecom Argentina Stet - France Telecom S.A. .. private-sector corporations in Argentina in terms of revenues. We have a non-expiring license (the License) to provide fixed-line public telecommunic..

Too Inc. .. January 31, 2004, and the consolidated statements of operations, changes in stockholders' equity and cash flows for the years ended January 31, 2004 ..

Telvent GIT S.A. ..provides value-added real-time products and services solutions to customers in targeted industrial sectors (Energy, Traffic, Transport and Environment..

Ultra Petroleum Corp. ..l and gas company engaged in the development, production, operation, exploration and acquisition of oil and gas properties. The Company was incorporat..

Valley National Bancorp ..orporation registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (Holding Company Act). At December 31, 2004, Va..

Willow Grove Bancorp Inc. ..vania corporation and parent holding company for Willow Grove Bank. The Bank, which was originally organized in 1909, is a Federally chartered savings..

Webzen Inc ..e incorporated as a company with limited liability under Korean law on April 28, 2000. Our legal and commercial name is [[Image Removed]] (pronounced ..

American Bio Medica Corp. ..r the laws of the State of New York under the name American Micro Media, Inc. On September 9, 1992, we filed an amendment to our Articles of Incorpora..

Astoria Financial Corporation .. the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association and its consolidated subsidiaries, or Astori..

Alteon Inc. ..ngaged in the discovery and development of small molecule drugs to reverse or slow down diseases of aging and complications of diabetes. We have ident..

American Power Conversion Corporation ..s a leading provider of global, end-to-end infrastructure availability solutions. APCs comprehensive products and services offering, which is designed..

ATC HEALTHCARE INC ..on which was incorporated in New York in 1978 and reincorporated in Delaware in May 1983. Unless the context otherwise requires, all references to the..

Aztar Corporation ..June 1989 to operate the gaming business of Ramada Inc. after the restructuring of Ramada Inc. The terms Aztar, we, our, and us, as used in this Form ..

Sothebys Holdings Inc. ..aries, unless the context otherwise requires) is one of the worlds two largest auctioneers of fine art, decorative arts and collectibles. The Company ..