Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash Distributions for April, May, and June 2013

MCLEAN, Va., April 9, 2013 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") announced today that its board of directors declared the following monthly cash distributions:

(Logo: http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL)

Common Stock: $0.125 per common share for each of April, May, and June 2013 payable per Table 1 below.  The Company has paid 99 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid 5 consecutive quarterly cash distributions.  The Company has never skipped, reduced or deferred a monthly distribution since inception, over nine years ago.

Table 1: Summary of common stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

April 18

April 22

April 30

$0.125

May 16

May 20

May 31

$0.125

June 17

June 19

June 28

$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 2013 payable per Table 2 below. The Company has paid 36 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly 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 7

$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 2013, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 87 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:

Ex-Dividend Date

Record Date

Payment Date

Amount

April 18

April 22

April 30

$0.1614583

May 16

May 20

May 31

$0.1614583

June 17

June 19

June 28

$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 2013, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."  The Company has paid 78 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:

Ex-Dividend Date

Record Date

Payment Date

Amount

April 18

April 22

April 30

$0.15625

May 16

May 20

May 31

$0.15625

June 17

June 19

June 28

$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 2013 payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN."  The Company has paid 14 consecutive monthly cash distributions on its Series C Term Preferred Stock. Monthly distributions will be payable per Table 5 below.

Table 5: Summary of Series C Term Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

April 18

April 22

April 30

$0.1484375

May 16

May 20

May 31

$0.1484375

June 17

June 19

June 28

$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.

Gladstone Commercial Corporation is a publicly-traded 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 81 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



RELATED LINKS
http://www.gladstonecommercial.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.