Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash Distributions for January, February and March 2013

MCLEAN, Va., Jan. 8, 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

$0.125per common share for each of January, February and March 2013 payable per Table 1 below.  The Company has paid 96 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 for the quarter ending March 31, 2013:

Declaration Date

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Amount

 

January 8

January 16

January 18

January 31

$0.125

January 8

February 13

February 15

February 28

$0.125

January 8

March 13

March 15

March 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 January, February and March 2013 payable per Table 2 below. The Company has paid 33 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 for the quarter ending March 31, 2013:

Declaration Date

 

Payable to Holders of Record During

the Month of:

Payment Date

 

Amount

 

January 8

January

February 7

$0.0875

January 8

February

March 7

$0.0875

January 8

March

April 5

$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 January, February and March 2013, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 84 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, 2013:

Declaration Date

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Amount

 

January 8

January 16

January 18

January 31

$0.1614583

January 8

February 13

February 15

February 28

$0.1614583

January 8

March 13

March 15

March 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 January, February and March 2013, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."  The Company has paid 75 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, 2013:

Declaration Date

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Amount

 

January 8

January 16

January 18

January 31

$0.15625

January 8

February 13

February 15

February 28

$0.15625

January 8

March 13

March 15

March 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 January, February and March 2013, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN."  The Company has paid 11 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 for the quarter ending March 31, 2013:

Declaration Date

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Amount

 

January 8

January 16

January 18

January 31

$0.1484375

January 8

February 13

February 15

February 28

$0.1484375

January 8

March 13

March 15

March 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 80 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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http://www.gladstonecommercial.com

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