Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash Distributions for July, August and September 2012

MCLEAN, Va., July 10, 2012 /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 )

$0.125 per common share for each of July, August and September 2012, payable per Table 1 below.  The Company has paid 90 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 eight years ago.

Table 1: Summary of common stock cash distributions for the quarter ending September 30, 2012:

Declaration Date

Ex-Dividend Date

Record Date

Payment Date

Amount

July 10

July 18

July 20

July 31

$0.125

July 10

August 20

August 22

August 31

$0.125

July 10

September 17

September 19

September 28

$0.125

Total for the Quarter:

$0.375

$0.0875 for the Company's senior common stock ("Senior Common") for each of July, August and September 2012, payable per Table 2 below. The Company has paid 27 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 September 30, 2012:

Declaration Date

Payable to Holders of Record During the Month of:

Payment Date

Amount

July 10

July

August 7

$0.0875

July 10

August

September 10

$0.0875

July 10

September

October 5

$0.0875

Total for the Quarter:

$0.2625

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for each of July, August and September 2012, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 78 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 September 30, 2012:

Declaration Date

Ex-Dividend Date

Record Date

Payment Date

Amount

July 10

July 18

July 20

July 31

$0.1614583

July 10

August 20

August 22

August 31

$0.1614583

July 10

September 17

September 19

September 28

$0.1614583

Total for the Quarter:

$0.4843749

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock") for each of July, August and September 2012, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."  The Company has paid 69 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 September 30, 2012:

Declaration Date

Ex-Dividend Date

Record Date

Payment Date

Amount

July 10

July 18

July 20

July 31

$0.15625

July 10

August 20

August 22

August 31

$0.15625

July 10

September 17

September 19

September 28

$0.15625

Total for the Quarter:

$0.46875

$0.1484375 per share of the Company's 7.125% Series C Term Preferred Stock ("Series C Term Preferred Stock") for each of July, August and September 2012, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN."  The Company has paid 5 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 September 30, 2012:

Declaration Date

Ex-Dividend Date

Record Date

Payment Date

Amount

July 10

July 18

July 20

July 31

$0.1484375

July 10

August 20

August 22

August 31

$0.1484375

July 10

September 17

September 19

September 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 77 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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