Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December, 2015, and Third Qua...
October 14 2015 - 3:30PM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company")
announced today that on October 13, 2015, 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, 2015:
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of October, November and December, 2015,
payable per Table 1 below. The Company has paid 129 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 |
October 22 |
October 26 |
November 4 |
$0.125 |
November 13 |
November 17 |
November 30 |
$0.125 |
December 16 |
December 18 |
December 31 |
$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 October, November and December, 2015, payable per Table
2 below. The Company has paid 66 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 |
October |
November 6 |
$0.0875 |
November |
December 7 |
$0.0875 |
December |
January 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
October, November and December, 2015, payable per Table 3 below.
The Series A Preferred Stock trades on the NASDAQ under the symbol
"GOODP." The Company has paid 117 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 |
October 22 |
October 26 |
November 4 |
$0.1614583 |
November 13 |
November 17 |
November 30 |
$0.1614583 |
December 16 |
December 18 |
December 31 |
$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
October, November and December, 2015, payable per Table 4 below.
The Series B Preferred Stock trades on the NASDAQ under the symbol
"GOODO." The Company has paid 108 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 |
October 22 |
October 26 |
November 4 |
$0.15625 |
November 13 |
November 17 |
November 30 |
$0.15625 |
December 16 |
December 18 |
December 31 |
$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
October, November and December, 2015, payable per Table 5 below.
The Series C Term Preferred Stock trades on the NASDAQ under the
symbol "GOODN." The Company has paid 44 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 |
October 22 |
October 26 |
November 4 |
$0.1484375 |
November 13 |
November 17 |
November 30 |
$0.1484375 |
December 16 |
December 18 |
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, 2015, after the
stock market closes on Tuesday, October 27, 2015. The Company will
hold a conference call Wednesday, October 28, 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 November 28, 2015. To hear the replay,
please dial (855) 859-2056 and use playback conference number
61147413.
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 December 28, 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 101 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
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