MCLEAN, Va., Nov. 19, 2013
/PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ:
GOOD) (the "Company") today announced that it plans to sell shares
of its common stock in an underwritten public offering. The Company
also plans to grant the underwriters a 30-day option to purchase
additional shares of common stock. Jefferies LLC and Janney
Montgomery Scott LLC are serving as the joint book-running managers
for the offering. Oppenheimer & Co. Inc. is serving as the lead
manager.
(Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL)
The Company intends to use the net proceeds from this offering
to fund pending and future property acquisitions, repay existing
indebtedness and for general corporate purposes.
The offering is being conducted as a public offering under the
Company's effective shelf registration statement filed with the
Securities and Exchange Commission (File No. 333-190931). To
obtain a copy of the preliminary prospectus supplement and the
accompanying prospectus and the final prospectus supplement (when
available) for this offering, please contact: Jefferies LLC at 520
Madison Avenue, 12th Floor, New York,
NY, 10022, Attention: Equity Syndicate Prospectus
Department, by calling (877) 547-6340 or by emailing
Prospectus_Department@Jefferies.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
Gladstone Commercial Corporation is a publicly-traded real
estate investment trust that focuses on investing in and owning net
leased industrial, commercial and retail real property and
selectively making long-term industrial and commercial mortgage
loans.
All statements contained in this press release, other than
historical facts, may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Words such as "anticipates," "expects,"
"intends," "plans," "believes," "seeks," "estimates" and variations
of these words and similar expressions are intended to identify
forward-looking statements. Readers should not rely upon
forward-looking statements because the matters they describe are
subject to known and unknown risks and uncertainties that could
cause the Company's business, financial condition, liquidity,
results of operations, funds from operations or prospects to differ
materially from those expressed in or implied by such statements.
Such risks and uncertainties are disclosed under the caption "Risk
Factors" of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2012, as filed with the Securities and
Exchange Commission (the "SEC") on February 19, 2013, the
Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2013, as filed with the
SEC on November 4, 2013, the
preliminary prospectus supplement for this offering and our other
filings with the SEC. The Company cautions readers not to place
undue reliance on any such forward-looking statements which speak
only as of the date made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE Gladstone Commercial Corporation