Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March, 2016
13 January 2016 - 8:05AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
announced today that its board of directors declared the following
monthly cash distributions:
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of January, February and March, 2016, payable
per Table 1 below. The Company has paid 132 consecutive
monthly cash distributions on its common stock. Prior to paying
distributions on a monthly basis, the Company paid five consecutive
quarterly cash distributions. The Company has never skipped,
reduced or deferred a monthly common stock distribution since
inception, over 10 years ago.
Table 1: Summary of common stock cash
distributions: |
|
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
|
January
20 |
January
22 |
February
2 |
$ |
0.125 |
|
|
February
16 |
February
18 |
February
29 |
$ |
0.125 |
|
|
March
17 |
March
21 |
March
31 |
$ |
0.125 |
|
|
Total for the Quarter: |
$ |
0.375 |
|
|
|
Senior Common Stock: $0.0875 cash distribution
per share of the Company’s senior common stock (“Senior Common”)
for each of January, February and March, 2016, payable per Table 2
below. The Company has paid 69 consecutive monthly cash
distributions on its Senior Common. The Company has never skipped,
reduced or deferred a monthly Senior Common distribution.
Table 2: Summary of
Senior Common cash distributions: |
Payable to Holders of Record During the Month
of: |
Payment Date |
Amount |
January
|
February
5 |
$ |
0.0875 |
|
February |
March
8 |
$ |
0.0875 |
|
March |
April
8 |
$ |
0.0875 |
|
Total for the Quarter: |
$ |
0.2625 |
|
Series A Preferred Stock: $0.1614583 cash
distribution 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, 2016, payable per Table 3 below. The
Series A Preferred Stock trades on the NASDAQ under the symbol
“GOODP.” The Company has paid 120 consecutive monthly cash
distributions on its Series A Preferred Stock. The Company has
never skipped, reduced or deferred a monthly Series A Preferred
Stock distribution.
Table 3: Summary of Series A
Preferred Stock cash distributions: |
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
January
20 |
January
22 |
February
2 |
$ |
0.1614583 |
|
February
16 |
February
18 |
February
29 |
$ |
0.1614583 |
|
March
17 |
March
21 |
March
31 |
$ |
0.1614583 |
|
Total for the Quarter: |
$ |
0.4843749 |
|
Series B Preferred Stock: $0.15625 cash
distribution 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, 2016, payable per Table 4 below. The
Series B Preferred Stock trades on the NASDAQ under the symbol
“GOODO.” The Company has paid 111 consecutive monthly cash
distributions on its Series B Preferred Stock. The Company has
never skipped, reduced or deferred a monthly Series B Preferred
Stock distribution.
Table 4: Summary of Series B
Preferred Stock cash distributions: |
|
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
|
January
20 |
January
22 |
February
2 |
$ |
0.15625 |
|
|
February
16 |
February
18 |
February
29 |
$ |
0.15625 |
|
|
March
17 |
March
21 |
March
31 |
$ |
0.15625 |
|
|
Total for the Quarter: |
$ |
0.46875 |
|
|
|
Series C Preferred Stock: $0.1484375 cash
distribution 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, 2016, payable per Table 5 below. The
Series C Term Preferred Stock trades on the NASDAQ under the symbol
“GOODN.” The Company has paid 47 consecutive monthly cash
distributions on its Series C Term Preferred Stock. The Company has
never skipped, reduced or deferred a monthly Series C Preferred
Stock distribution.
Table 5: Summary of Series C Term
Preferred Stock cash distributions: |
|
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
|
January
20 |
January
22 |
February
2 |
$ |
0.1484375 |
|
|
February
16 |
February
18 |
February
29 |
$ |
0.1484375 |
|
|
March
17 |
March
21 |
March
31 |
$ |
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.
If you have questions prior to or following the earnings release
you may e-mail them to info@gladstonecompanies.com.
Gladstone Commercial Corporation is a 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 99 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.
For further information: Gladstone Commercial Corporation, +1 703-287-5893
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