Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June, 2015, and First Quarter Ended ...
April 14 2015 - 3:15PM
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 first quarter ended March 31, 2015:
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of April, May and June, 2015, payable per
Table 1 below. The Company has paid 123 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 common stock distribution since inception, over 10 years
ago.
Table 1: Summary of common
stock cash distributions: |
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
April 22 |
April 24 |
May 5 |
$0.125 |
May 15 |
May 19 |
May 29 |
$0.125 |
June 17 |
June 19 |
June 30 |
$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 April, May and June, 2015, payable per Table 2 below.
The Company has paid 60 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 |
April |
May 7 |
$0.0875 |
May |
June 5 |
$0.0875 |
June |
July 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
April, May and June, 2015, payable per Table 3 below. The Series A
Preferred Stock trades on the NASDAQ under the symbol "GOODP." The
Company has paid 111 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: |
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
April 22 |
April 24 |
May 5 |
$0.1614583 |
May 15 |
May 19 |
May 29 |
$0.1614583 |
June 17 |
June 19 |
June 30 |
$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
April, May and June, 2015, payable per Table 4 below. The Series B
Preferred Stock trades on the NASDAQ under the symbol "GOODO." The
Company has paid 102 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: |
|
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
|
April 22 |
April 24 |
May 5 |
$0.15625 |
|
May 15 |
May 19 |
May 29 |
$0.15625 |
|
June 17 |
June 19 |
June 30 |
$0.15625 |
|
|
|
Total for the Quarter: |
$0.46875 |
|
Series C Preferred Stock: $0.1484375 cash
distribution per share of the Company's 7.125% Series C Term
Preferred Stock ("Series C Term Preferred Stock") for each of
April, May and June, 2015, payable per Table 5 below. The Series C
Term Preferred Stock trades on the NASDAQ under the symbol
"GOODN." The Company has paid 38 consecutive monthly cash
distributions on its Series C Term Preferred Stock. The Company has
never skipped, reduced or deferred a monthly Series C Preferred
Stock distribution.
Table 5: Summary of Series C
Term Preferred Stock cash distributions: |
|
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
|
April 22 |
April 24 |
May 5 |
$0.1484375 |
|
May 15 |
May 19 |
May 29 |
$0.1484375 |
|
June 17 |
June 19 |
June 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.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the first quarter ended March 31, 2015, after the
stock market closes on Monday, May 4, 2015. The Company will hold a
conference call Tuesday, May 5, 2015, 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 June 5, 2015. To hear the replay,
please dial (855) 859-2056 and use playback conference number
17273472.
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 July 5, 2015.
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 98 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.
CONTACT: For further information:
Gladstone Commercial Corporation, +1 703-287-5893
Gladstone Commercial (NASDAQ:GOOD)
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