NEW YORK, Aug. 14 /PRNewswire-FirstCall/ -- GSC Investment Corp. (NYSE:
GNV), a business development company externally managed by GSC Group,
announced today that its Board of Directors has declared a dividend of
$0.36 per share payable on August 31, 2007 to common stockholders of record
on August 24, 2007. The dividend is for the second quarter of the Company's
2008 fiscal year ending August 31, 2007.
    As of August 10, 2007, the Company had total investments of $201
million in aggregate principal amount and total outstanding borrowings
under the credit facilities of $77 million. The Company's investment
portfolio carries a weighted average current yield of 11.3% and is
comprised of approximately 15% first lien term loans, 44% second lien term
loans, 24% senior secured notes, 14% unsecured notes and 3% other
investments, including structured finance notes.
    About GSC Investment Corp.
    GSC Investment Corp. is a specialty finance company that invests
primarily in first and second lien term loans and mezzanine debt of
private, U.S. middle-market companies and high yield bonds. It has elected
to be treated as a business development company under the Investment
Company Act of 1940. The Company also may opportunistically invest in
distressed debt; debt and equity securities of public companies; credit
default swaps; emerging market debt; and collateralized debt obligation
vehicles holding debt, equity or synthetic securities. The Company draws
upon the support and investment advice of its external manager, GSC Group,
an alternative asset investment manager that focuses on complex,
credit-driven strategies. GSC Investment Corp. is traded on the New York
Stock Exchange under the symbol "GNV."
    Forward Looking Statements
    Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections
about future events that are forward-looking statements. These
forward-looking statements generally relate to GSC Investment Corp.'s
plans, objectives and expectations for future operations and are based upon
management's current estimates and projections of future results or trends.
Actual future results may differ materially from those projected as a
result of certain risks and uncertainties. For a discussion of such risks
and uncertainties, see "Note About Forward-Looking Statements" included in
the Company's 10-K which has been filed with the U.S. Securities and
Exchange Commission. These forward- looking statements are made only as of
the date hereof, and GSC Investment Corp. undertakes no obligation to
update or revise the forward-looking statements, whether as a result of the
new information, future events or otherwise.

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