MCLEAN, Va., June 18, 2013 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ:GOOD) (the "Company") today
announced that it plans to sell 1,100,000 shares of its common
stock in an underwritten public offering. The Company also plans to
grant the underwriters a 30-day option to purchase up to 165,000
additional shares of common stock to cover over-allotments, if any.
Janney Montgomery Scott LLC is serving as the sole book-running
manager for the offering. Oppenheimer & Co. Inc. is serving as
the joint lead manager.
(Logo: http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL
)
The Company intends to use the net proceeds from this offering
to fund pending and future property acquisitions (including the
pending acquisition of a 320,597-square foot office building
located in Texas), repay debt and
for general corporate purposes.
The offering is being conducted as a public offering under the
Company's effective shelf registration statement filed with the
Securities and Exchange Commission (File No. 333-169290). To
obtain a copy of the preliminary prospectus supplement and the
accompanying prospectus for this offering, please contact: Janney
Montgomery Scott LLC, 60 State Street, Boston, MA 02109, Attention: Equity Capital
Markets Group or prospectus@janney.com.
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.
Gladstone Commercial Corporation is a publicly-traded real
estate investment trust that focuses on investing in and owning
triple-net leased industrial and commercial real estate property
and selectively making long-term industrial and commercial mortgage
loans to creditworthy entities.
All statements contained in this press release, other than
historical facts, may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Words such as "anticipates," "expects,"
"intends," "plans," "believes," "seeks," "estimates" and variations
of these words and similar expressions are intended to identify
forward-looking statements. Readers should not rely upon
forward-looking statements because the matters they describe are
subject to known and unknown risks and uncertainties that could
cause the Company's business, financial condition, liquidity,
results of operations, funds from operations or prospects to differ
materially from those expressed in or implied by such statements.
Such risks and uncertainties are disclosed under the caption "Risk
Factors" of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2012, as filed with the SEC on
February 19, 2013 and our other filings with the Securities
and Exchange Commission. The Company cautions readers not to place
undue reliance on any such forward-looking statements which speak
only as of the date made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE Gladstone Commercial Corporation