Gladstone Commercial Corporation Announces Offering of 7.0% Series D Cumulative Redeemable Preferred Stock
August 01 2016 - 8:47AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
today announced that it plans to sell shares of its 7.0% Series D
Cumulative Redeemable Preferred Stock (the “Series D Preferred
Stock”) in a registered direct placement.
The Company intends to use the net proceeds from this offering
to pay down debt, invest in additional net leased real properties
in accordance with the Company’s investment objectives and to pay
real estate acquisition expenses, to make or invest in mortgage
loans in accordance the Company’s investment objectives and for
other general corporate purposes.
CSCA Capital Advisors, LLC is acting as placement agent and
Weeden & Co. LLP is serving as settlement agent for the
transaction.
A shelf registration statement relating to the securities in
this offering has been filed previously with the Securities and
Exchange Commission (the “SEC”) and is effective. Any offer of the
securities will be made exclusively by means of a prospectus
supplement and accompanying prospectus. Prospective investors
should read the preliminary prospectus supplement and the
accompanying prospectus included in the registration statement and
other documents the Company has filed with the SEC for more
complete information about the Company and the offering of the
securities. Copies of these documents may be obtained by
contacting CSCA Capital Advisors, 800 Third Avenue, New York, New
York 10022, by phone at 212-446-9177, or by fax at
212-446-9181.
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.
About Gladstone Commercial Corporation:
Gladstone Commercial is a real estate investment trust focused on
acquiring, owning and operating net leased industrial and office
properties across the United States. Gladstone Commercial’s real
estate portfolio consists of 99 properties located in 24 states,
totaling approximately 11.1 million square feet. For additional
information please visit www.gladstonecommercial.com.
Forward-Looking Statements
This press release contains certain forward-looking statements,
which are based upon the Company’s current expectations and are
inherently uncertain, including forward-looking statements with
respect to the offering. Any such statements other than statements
of historical fact are likely to be affected by other unknowable
future events and conditions, including elements of the future that
are or are not under the Company’s control, and that the Company
may or may not have considered; accordingly, such statements cannot
be guarantees or assurances of any aspect of future performance.
Actual performance and results could vary materially from these
estimates and projections of the future. Such statements speak only
as of the time when made and are based on information available to
the Company as of the date hereof and are qualified in their
entirety by this cautionary statement. The Company assumes no
obligation to revise or update any such statement now or in the
future. For further discussion of the factors that could
affect outcomes, please refer to the “Risk Factors” section of the
prospectus supplement and accompanying prospectus filed by the
Company with the SEC, and the documents incorporated therein by
reference, and in the Company’s annual and periodic reports and
other documents filed with the SEC, copies of which are available
on the SEC’s website, www.sec.gov.
Investor Relations Inquiries: Please visit
www.gladstone.com or +1-703-287-5878.
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