MCLEAN, Va., Jan. 10, 2012 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:

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$0.125 per common share for each of the months January, February and March of 2012, payable per Table 1 below.  Including the payments below, the Company has paid 92 consecutive monthly cash distributions on its common stock.  The Company has never skipped, reduced or deferred a monthly distribution since inception, over seven years ago.

Table 1: Summary of Common Stock cash distributions for the quarter ending March 31, 2012:

$0.0875 for the Company's Senior Common Stock for each of the months of January, February and March of 2012, payable  per Table 2 below. Including the payments below, the Company has paid 24 consecutive monthly cash distributions on its senior common stock. The Company has never skipped, reduced or deferred a monthly distribution.

Table 2: Summary of Senior Common Stock cash distributions for the quarter ending March 31, 2012:

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of January, February and March of 2012. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below. Including the payments below, the Company has paid 75 consecutive monthly cash distributions on its Series A preferred stock. The Company has never skipped, reduced or deferred a monthly distribution.

Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending March 31, 2012:

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of January, February and March of 2012. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below.  Including the payments below, the Company has paid 66 consecutive monthly cash distributions on its Series B preferred stock. The Company has never skipped, reduced or deferred a monthly distribution.

Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending March 31, 2012:

The Company offers a dividend reinvestment plan (the "DRIP") to its stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Gladstone Commercial Corporation is a publicly-traded real estate investment trust ("REIT") that focuses on investing in and owning triple-net leased industrial, commercial, medical and retail real estate properties.  The Company currently owns 72 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.

 

 

 

                                                                                                                                       

SOURCE Gladstone Commercial Corporation

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