Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2017, and Third Quar...
11 October 2017 - 7:05AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
announced today that its board of directors declared cash
distributions for the months of October, November and December 2017
and its plan to report earnings for the third quarter ended
September 30, 2017.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of October, November and December 2017,
payable per Table 1 below. The Company has paid 153
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 or quarterly common
stock distribution since inception, over 10 years ago.
Table 1: Summary of common stock cash
distributions: |
Record Date |
Payment Date |
Cash Distribution |
October 20 |
October 31 |
$0.125 |
November 20 |
November 30 |
$0.125 |
December 19 |
December 29 |
$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 October, November and December 2017, payable per Table
2 below. The Company has paid 90 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 RecordDuring the Month
of: |
Payment Date |
|
Amount |
October |
November 7 |
|
$ |
0.0875 |
November |
December 7 |
|
$ |
0.0875 |
December |
January 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
October, November and December 2017, payable per Table 3 below. The
Series A Preferred Stock trades on NASDAQ under the symbol “GOODP.”
The Company has paid 141 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: |
Record Date |
Payment Date |
Cash Distribution |
October 20 |
October 31 |
$0.1614583 |
November 20 |
November 30 |
$0.1614583 |
December 19 |
December 29 |
$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
October, November and December 2017, payable per Table 4 below. The
Series B Preferred Stock trades on NASDAQ under the symbol
“GOODO.” The Company has paid 132 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: |
Record Date |
Payment Date |
Cash Distribution |
October 20 |
October 31 |
$0.15625 |
November 20 |
November 30 |
$0.15625 |
December 19 |
December 29 |
$0.15625 |
|
Total for the Quarter: |
$0.46875 |
Series D Preferred Stock: $0.1458333 cash
distribution per share of the Company’s 7.0% Series D Preferred
Stock (“Series D Preferred Stock”) for each of October, November
and December 2017, payable per Table 5 below. The Series D
Preferred Stock trades on NASDAQ under the symbol “GOODM.”
The Company has paid 17 consecutive monthly cash distributions on
its Series D Preferred Stock. The Company has never skipped,
reduced or deferred a monthly Series D Preferred Stock
distribution.
Table 5: Summary of Series D Preferred Stock cash
distributions: |
Record Date |
Payment Date |
Cash Distribution |
October 20 |
October 31 |
$0.1458333 |
November 20 |
November 30 |
$0.1458333 |
December 19 |
December 29 |
$0.1458333 |
|
Total for the Quarter: |
$0.4374999 |
The Company offers a dividend reinvestment plan
(the “DRIP”) to its common stockholders. For more information
regarding the DRIP, please visit www.gladstonecommercial.com.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the third quarter ended September 30, 2017, after the
stock market closes on Tuesday, October 31, 2017. The Company will
hold a conference call Wednesday, November 1, 2017 at 8:30 a.m. EDT
to discuss its earnings results. Please call (888) 734-0328
to enter the conference call. An operator will monitor the
call and set a queue for questions.
A conference call replay will be available after the call and
will be accessible through December 1, 2017. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 54352285.
The live audio broadcast of the Company’s conference call will
be available online at www.gladstonecommercial.com. The event will
also be archived and available for replay on the Company’s website
through January 1, 2018.
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”) focused on acquiring, owning and operating net
leased industrial and office properties across the United States.
As of June 30, 2017, the Company currently owns 94
properties. Additional information can be found at
www.gladstonecompanies.com.
Investor Relations Inquiries:
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
Source: Gladstone Commercial Corporation
For further information: Gladstone Commercial Corporation, +1
703-287-5893
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