MCLEAN, Va., Jan. 7, 2014 /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 fourth quarter and year ended December 31, 2013:
(Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL
)
Cash Distributions:
Common Stock: $0.125
per common share for each of January, February and March 2014, payable per Table 1 below. The
Company has paid 108 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 common
stock distribution since inception, over nine years ago.
|
Table 1: Summary of
common stock cash distributions:
|
|
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
|
January 17
|
January 22
|
January 31
|
$0.125
|
|
|
February
14
|
February
19
|
February
28
|
$0.125
|
|
|
March 13
|
March 17
|
March 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 January, February and
March 2014, payable per Table 2
below. The Company has paid 45 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 7
|
$0.0875
|
|
February
|
March 7
|
$0.0875
|
|
March
|
April 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 January, February and March 2014, payable per Table 3 below. The Series
A Preferred Stock trades on the NASDAQ under the symbol "GOODP."
The Company has paid 96 consecutive monthly cash distributions on
its Series A Preferred Stock. The Company has never skipped,
reduced or deferred a Series A Preferred Stock monthly
distribution.
|
Table 3: Summary of
Series A Preferred Stock cash distributions:
|
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
January 17
|
January 22
|
January 31
|
$0.1614583
|
|
February
14
|
February
19
|
February
28
|
$0.1614583
|
|
March 13
|
March 17
|
March 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 January, February and March 2014, payable per Table 4 below. The Series
B Preferred Stock trades on the NASDAQ under the symbol
"GOODO." The Company has paid 87 consecutive monthly cash
distributions on its Series B Preferred Stock. The Company has
never skipped, reduced or deferred a Series B Preferred Stock
monthly distribution.
|
Table 4: Summary of
Series B Preferred Stock cash distributions:
|
|
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
|
January 17
|
January 22
|
January 31
|
$0.15625
|
|
|
February
14
|
February
19
|
February
28
|
$0.15625
|
|
|
March 13
|
March 17
|
March 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 January, February and March
2014, payable per Table 5 below. The Series C Term Preferred
Stock trades on the NASDAQ under the symbol "GOODN." The
Company has paid 23 consecutive monthly cash distributions on its
Series C Term Preferred Stock. The Company has never skipped,
reduced or deferred a Series C Term Preferred Stock monthly
distribution.
|
Table 5: Summary of
Series C Term Preferred Stock cash distributions:
|
|
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount
|
|
|
January 17
|
January 22
|
January 31
|
$0.1484375
|
|
|
February
14
|
February
19
|
February
28
|
$0.1484375
|
|
|
March 13
|
March 17
|
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 87 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