MCLEAN, Va., Oct. 8, 2013 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") announced
today that its board of directors declared the following monthly
cash distributions and also announced its plan to report earnings
for the third quarter ended September 30,
2013:
(Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL
)
Cash Distributions:
Common Stock: $0.125
per common share for each of October, November and December 2013, payable per Table 1 below.
The Company has paid 105 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
|
|
October 18
|
October 22
|
October 31
|
$0.125
|
|
November
12
|
November
14
|
November
29
|
$0.125
|
|
December
12
|
December
16
|
December
31
|
$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 October, November and
December 2013, payable per Table 2
below. The Company has paid 42 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
|
|
October
|
November 7
|
$0.0875
|
|
November
|
December 6
|
$0.0875
|
|
December
|
January 8
|
$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 October, November and December 2013, payable per Table 3 below. The
Series A Preferred Stock trades on the NASDAQ under the symbol
"GOODP." The Company has paid 93 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
|
|
October 18
|
October 22
|
October 31
|
$0.1614583
|
|
November
12
|
November
14
|
November
29
|
$0.1614583
|
|
December
12
|
December
16
|
December
31
|
$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 October, November and December 2013, payable per Table 4 below. The
Series B Preferred Stock trades on the NASDAQ under the symbol
"GOODO." The Company has paid 84 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
|
|
October 18
|
October 22
|
October 31
|
$0.15625
|
|
November
12
|
November
14
|
November
29
|
$0.15625
|
|
December
12
|
December
16
|
December
31
|
$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 October, November and December
2013, payable per Table 5 below. The Series C Term Preferred
Stock trades on the NASDAQ under the symbol "GOODN." The
Company has paid 20 consecutive monthly cash distributions on its
Series C Term Preferred Stock. The Company has never skipped,
reduced or deferred a monthly distribution.
|
Table 5: Summary of
Series C Term Preferred Stock cash distributions:
|
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
October 18
|
October 22
|
October 31
|
$0.1484375
|
|
November
12
|
November
14
|
November
29
|
$0.1484375
|
|
December
12
|
December
16
|
December
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.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the third quarter ended September 30, 2013, after the stock market closes
on Monday, November 4, 2013. The
Company will hold a conference call Tuesday,
November 5, 2013, at 8:30 a.m.
EST to discuss its earnings results. Please call (800)
860-2442 to enter the conference call. An operator will
monitor the call and set a queue for questions.
A conference call replay will be available beginning one hour
after the call and will be accessible through December 5, 2013. To hear the replay,
please dial (877) 344-7529 and use conference number 10029504.
The live audio broadcast of the conference call will be
available online at www.gladstonecommercial.com. The event will be
archived and available for replay on the Company's website through
January 6, 2014.
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 85 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