MCLEAN, Va., April 8, 2014 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") announced
today that its board of directors declared the following monthly
cash distributions and also announced its plan to report earnings
for the first quarter ended March 31,
2014:
Cash Distributions:
Common Stock: $0.125
per common share for each of April, May and June 2014, payable per Table 1 below. The
Company has paid 111 consecutive monthly cash distributions on its
common stock. Prior to paying distributions on a monthly basis, the
Company paid five consecutive quarterly cash distributions.
The Company has never skipped, reduced or deferred a monthly common
stock distribution since inception, over 10 years ago.
Table 1: Summary of common stock cash distributions:
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
April 16
|
April 21
|
April 30
|
$0.125
|
|
May 16
|
May 20
|
May 30
|
$0.125
|
|
June 17
|
June 19
|
June 30
|
$0.125
|
|
Total for the
Quarter:
|
$0.375
|
|
Senior Common Stock: $0.0875 per share of the Company's senior common
stock ("Senior Common") for each of April, May and June 2014, payable per Table 2 below. The Company
has paid 48 consecutive monthly cash distributions on its Senior
Common. The Company has never skipped, reduced or deferred a
monthly Senior Common distribution.
Table 2: Summary of Senior Common cash distributions:
Payable to Holders
of Record
During the Month
of:
|
Payment
Date
|
Amount
|
April
|
May 7
|
$0.0875
|
May
|
June 6
|
$0.0875
|
June
|
July 8
|
$0.0875
|
Total for the
Quarter:
|
$0.2625
|
Series A Preferred Stock: $0.1614583 per share of the Company's 7.75%
Series A Cumulative Redeemable Preferred Stock ("Series A Preferred
Stock") for each of April, May and June
2014, payable per Table 3 below. The Series A Preferred
Stock trades on the NASDAQ under the symbol "GOODP." The Company
has paid 99 consecutive monthly cash distributions on its Series A
Preferred Stock. The Company has never skipped, reduced or deferred
a monthly Series A Preferred Stock distribution.
Table 3: Summary of Series A Preferred Stock cash
distributions:
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
April 16
|
April 21
|
April 30
|
$0.1614583
|
May 16
|
May 20
|
May 30
|
$0.1614583
|
June 17
|
June 19
|
June 30
|
$0.1614583
|
Total for the
Quarter:
|
$0.4843749
|
Series B Preferred Stock: $0.15625 per share of the Company's 7.50% Series
B Cumulative Redeemable Preferred Stock ("Series B Preferred
Stock") for each of April, May and June
2014, payable per Table 4 below. The Series B Preferred
Stock trades on the NASDAQ under the symbol "GOODO." The
Company has paid 90 consecutive monthly cash distributions on its
Series B Preferred Stock. The Company has never skipped, reduced or
deferred a monthly Series B Preferred Stock distribution.
Table 4: Summary of Series B Preferred Stock cash
distributions:
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
April 16
|
April 21
|
April 30
|
$0.15625
|
|
May 16
|
May 20
|
May 30
|
$0.15625
|
|
June 17
|
June 19
|
June 30
|
$0.15625
|
|
Total for the
Quarter:
|
$0.46875
|
|
Series C Preferred Stock: $0.1484375 per share of the Company's 7.125%
Series C Term Preferred Stock ("Series C Term Preferred Stock") for
each of April, May and June 2014,
payable per Table 5 below. The Series C Term Preferred Stock trades
on the NASDAQ under the symbol "GOODN." The Company has paid
26 consecutive monthly cash distributions on its Series C Term
Preferred Stock. The Company has never skipped, reduced or deferred
a monthly Series C Preferred Stock distribution.
Table 5: Summary of Series C Term Preferred Stock cash
distributions:
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
April 16
|
April 21
|
April 30
|
$0.1484375
|
|
May 16
|
May 20
|
May 30
|
$0.1484375
|
|
June 17
|
June 19
|
June 30
|
$0.1484375
|
|
Total for the
Quarter:
|
$0.4453125
|
|
The Company offers a dividend reinvestment plan (the "DRIP") to
its common stockholders. For more information regarding the DRIP,
please visit www.gladstonecommercial.com.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the fiscal quarter ending March
31, 2014, after the stock market closes on Monday April 28, 2014. The Company will hold a
conference call Tuesday April 29,
2014 at 8:30 a.m. EDT to
discuss its earnings results. Please call (888) 734-0328 and
use code 25652881 to enter the conference call. An operator
will monitor the call and set a queue for questions.
A conference call replay will be available after the call and
will be accessible through May 29,
2014. To hear the replay, please dial (800) 585-8367 and use
playback conference number 25652881.
The live audio broadcast of the Company's conference call will
be available online at www.gladstonecommercial.com. The event will
be archived and available for replay on the Company's website
through June 29, 2014.
If you have questions prior to or following the earnings release
you may e-mail them to info@gladstonecompanies.com.
Gladstone Commercial Corporation is a real estate investment
trust ("REIT") that invests in and owns net leased industrial,
commercial and retail real property and selectively makes long-term
industrial and commercial mortgage loans. The Company currently
owns 89 properties. Additional information can be found at
www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
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SOURCE Gladstone Commercial Corporation