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:
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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