Annex A

The Gladstone Companies, Inc.

The name and principal occupation of each of the directors and executive officers of The Gladstone Companies, Inc. are listed below.


Name		Principal Occupation

David Gladstone		Founder, Chief Executive Officer and Chairman of the Board of the Issuer, GLAD, GAIN, Gladstone Commercial Corporation (“GOOD”) and Gladstone Land Corporation (“LAND”). Founder, Chief Executive Officer and Chairman of the Board of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

Michael LiCalsi		General Counsel and Secretary for the Issuer, GLAD, GAIN, GOOD, LAND and GMC; President of Gladstone Administration, LLC; Managing Principal and Chief Legal Officer of Gladstone Securities LLC.

Michael Malesardi		Chief Financial Officer and Treasurer of the Issuer and GMC.

Laura Gladstone		Member of the Board of Directors and Managing Director of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

The Gladstone Companies, Ltd.

The name and principal occupation of each of the directors and executive officers of The Gladstone Companies, Ltd. are listed below.


Name		Principal Occupation

David Gladstone		Founder, Chief Executive Officer and Chairman of the Board of the Issuer, GLAD, GAIN, GOOD and LAND. Founder, Chief Executive Officer and Chairman of the Board of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

Michael LiCalsi		General Counsel and Secretary for the Issuer, GLAD, GAIN, GOOD, LAND and GMC; President of Gladstone Administration, LLC; Managing Principal and Chief Legal Officer of Gladstone Securities LLC.

Michael Malesardi		Chief Financial Officer and Treasurer of the Issuer and GMC.

Laura Gladstone		Member of the Board of Directors and Managing Director of GMC. Member of the Board of Managers of Gladstone Administration, LLC

Lorna Gladstone		Retired

Kent Gladstone		Retired

Gladstone Management Corporation

The name and principal occupation of each of the directors, executive officers and investment committee members of GMC are listed below.


Name		Principal Occupation

David Gladstone		Founder, Chief Executive Officer and Chairman of the Board of the Issuer, GLAD, GAIN, GOOD and LAND. Founder, Chief Executive Officer and Chairman of the Board of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

Michael LiCalsi		General Counsel and Secretary for the Issuer, GLAD, GAIN, GOOD, LAND and GMC; President of Gladstone Administration, LLC; Managing Principal and Chief Legal Officer of Gladstone Securities LLC.

Michael Malesardi		Chief Financial Officer and Treasurer of the Issuer and GMC.

Laura Gladstone		Member of the Board of Directors and Managing Director of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

John Sateri		President of GALT

David Dullum		President of GAIN

Robert Marcotte		President of GLAD

Gladstone Capital Corporation

The name and principal occupation of each of the directors and executive officers of Gladstone Capital Corporation are listed below.


Name		Principal Occupation

David Gladstone		Founder, Chief Executive Officer and Chairman of the Board of the Issuer, GLAD, GAIN, GOOD and LAND. Founder, Chief Executive Officer and Chairman of the Board of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

Paula Novara		Head of Human Resources, Facilities & Office Management and IT at the Issuer, GLAD, GAIN, GOOD and LAND.

Paul W. Adelgren		Retired.¹

Michela A. English		Director on multiple non-profit boards.

Katharine C. Gorka		President of Threat Knowledge Group and the chair of the Fairfax County Republican Party.

John H. Outland		Private investor

Anthony W. Parker		Founder and former Chairman of the Board of Parker Tide Corp.

Walter H. Wilkinson Jr.		Retired

Michael LiCalsi		General Counsel and Secretary for the Issuer, GLAD, GAIN, GOOD, LAND and GMC; President of Gladstone Administration, LLC; Managing Principal and Chief Legal Officer of Gladstone Securities LLC.

Robert L. Marcotte		President of GLAD

Nicole Schaltenbrand		Chief Financial Officer and Treasurer of GLAD

¹	Mr. Adelgren has resigned from the Board of Directors effective as of December 15, 2024.

Gladstone Investment Corporation

The name and principal occupation of each of the directors and executive officers of Gladstone Investment Corporation are listed below.


Name		Principal Occupation

David Gladstone		Founder, Chief Executive Officer and Chairman of the Board of the Issuer, GLAD, GAIN, GOOD and LAND. Founder, Chief Executive Officer and Chairman of the Board of GMC. Member of the Board of Managers of Gladstone Administration, LLC.

Paula Novara		Head of Human Resources, Facilities & Office Management and IT at the Issuer, GLAD, GAIN, GOOD and LAND.

Paul W. Adelgren		Retired.²

Michela A. English		Director on multiple non-profit boards.

Katharine C. Gorka		President of Threat Knowledge Group and the chair of the Fairfax County Republican Party.

John H. Outland		Private investor

Anthony W. Parker		Founder and former Chairman of the Board of Parker Tide Corp.

Walter H. Wilkinson Jr.		Retired

Michael LiCalsi		General Counsel and Secretary for the Issuer, GLAD, GAIN, GOOD, LAND and GMC; President of Gladstone Administration, LLC; Managing Principal and Chief Legal Officer of Gladstone Securities LLC.

David Dullum		President of GAIN

Taylor Ritchie		Chief Financial Officer and Treasurer of GAIN

²	Mr. Adelgren has resigned from the Board of Directors effective as of December 15, 2024.

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to the joint filing on behalf of them of the Statement on Schedule 13D, and any and all further amendments thereto, with respect to the securities of Gladstone Alternative Income Fund, and that this Agreement be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of December 12, 2024.


The Gladstone Companies, Inc.

By:		/s/ David Gladstone
		Name: David Gladstone
		Title: Chief Executive Officer


The Gladstone Companies, Ltd.

By:		/s/ David Gladstone
		Name: David Gladstone
		Title: Chief Executive Officer


Gladstone Capital Corporation

By:		/s/ David Gladstone
		Name: David Gladstone
		Title: Chief Executive Officer


Gladstone Investment Corporation

By:		/s/ David Gladstone
		Name: David Gladstone
		Title: Chief Executive Officer


Gladstone Management Corporation

By:		/s/ David Gladstone
		Name: David Gladstone
		Title: Chief Executive Officer

/s/ David Gladstone

Name: David Gladstone

Gladstone Alternative Income Fund SC 13D