MCLEAN, Va., July 9, 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: $0.125
per common share for each of July, August and September 2013, payable per Table 1 below.
The Company has paid 102 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:
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
July 17
|
July 19
|
July 31
|
$0.125
|
August 19
|
August 21
|
August 30
|
$0.125
|
September
16
|
September
18
|
September
30
|
$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 July, August and September 2013, payable per Table 2 below. The
Company has paid 39 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:
|
Payable to Holders
of Record
During the Month
of:
|
Payment
Date
|
Amount
|
July
|
August 7
|
$0.0875
|
August
|
September
9
|
$0.0875
|
September
|
October 7
|
$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 July, August and September 2013, payable per Table 3 below. The
Series A Preferred Stock trades on the NASDAQ under the symbol
"GOODP." The Company has paid 90 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:
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
July 17
|
July 19
|
July 31
|
$0.1614583
|
August 19
|
August 21
|
August 30
|
$0.1614583
|
September
16
|
September
18
|
September
30
|
$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 July, August and September 2013, payable per Table 4 below. The
Series B Preferred Stock trades on the NASDAQ under the symbol
"GOODO." The Company has paid 81 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:
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
July 17
|
July 19
|
July 31
|
$0.15625
|
August 19
|
August 21
|
August 30
|
$0.15625
|
September
16
|
September
18
|
September
30
|
$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 July, August and September
2013 payable per Table 5 below. The Series C Term Preferred
Stock trades on the NASDAQ under the symbol "GOODN." The
Company has paid 17 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:
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
July 17
|
July 19
|
July 31
|
$0.1484375
|
August 19
|
August 21
|
August 30
|
$0.1484375
|
September
16
|
September
18
|
September
30
|
$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 83 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