Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September, 2017, and Second Quarte...
July 11 2017 - 3:10PM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
announced today that its board of directors declared cash
distributions for the months of July, August and September, 2017
and its plan to report earnings for the second quarter ended June
30, 2017.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of July, August and September, 2017, payable
per Table 1 below. The Company has paid 150 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 |
|
|
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.125 |
|
|
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.125 |
|
|
September 18 |
|
September 20 |
|
September 29 |
|
$ |
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 July, August and September, 2017, payable per Table 2
below. The Company has paid 87 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 RecordDuring the Month
of: |
|
Payment Date |
|
Amount |
|
|
July |
|
August
7 |
|
$ |
0.0875 |
|
|
August |
|
September 8 |
|
$ |
0.0875 |
|
|
September |
|
October 6 |
|
$ |
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
July, August and September, 2017, payable per Table 3 below. The
Series A Preferred Stock trades on the NASDAQ under the symbol
“GOODP.” The Company has paid 138 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 |
|
|
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.1614583 |
|
|
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.1614583 |
|
|
September 18 |
|
September 20 |
|
September 29 |
|
$ |
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
July, August and September, 2017, payable per Table 4 below. The
Series B Preferred Stock trades on the NASDAQ under the symbol
“GOODO.” The Company has paid 129 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 |
|
|
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.15625 |
|
|
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.15625 |
|
|
September 18 |
|
September 20 |
|
September 29 |
|
$ |
0.15625 |
|
Total for the Quarter: |
|
$ |
0.46875 |
|
|
|
|
|
Series D Preferred Stock: $0.1458333 cash
distribution per share of the Company’s 7.0% Series D Preferred
Stock (“Series D Preferred Stock”) for each of July, August and
September, 2017, payable per Table 5 below. The Series D Preferred
Stock trades on the NASDAQ under the symbol “GOODM.” The
Company has paid 14 consecutive monthly cash distributions on its
Series D Preferred Stock. The Company has never skipped,
reduced or deferred a monthly Series D Preferred Stock
distribution.
|
|
|
|
|
|
|
|
|
Table 5: Summary of Series D Preferred Stock cash
distributions: |
|
|
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
|
Amount |
|
|
July
19 |
|
July
21 |
|
July
31 |
|
$ |
0.1458333 |
|
|
August
17 |
|
August
21 |
|
August
31 |
|
$ |
0.1458333 |
|
|
September 18 |
|
September 20 |
|
September 29 |
|
$ |
0.1458333 |
|
|
Total for the Quarter: |
|
$ |
0.4375 |
|
|
|
|
|
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 second quarter ended June 30, 2017, after the
stock market closes on Monday, July 31, 2017. The Company will hold
a conference call Tuesday, August 1, 2017 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 September 1, 2017. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 54350076.
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 October 1, 2017.
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”) focused on acquiring, owning and operating net
leased industrial and office properties across the United States.
The Company currently owns 95 properties. Additional
information can be found at www.gladstonecompanies.com.
Investor Relations Inquiries:
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
For further information: Gladstone Commercial Corporation, +1 703-287-5893
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