Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Cash Distributions for October, November and December
MCLEAN, Va., Oct. 11, 2011 /PRNewswire/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:
$0.125 per common share for each of the months October, November and December of 2011, payable per Table 1 below. Including the payments below, the Company has paid 89 consecutive monthly cash distributions on its common stock. The Company has never skipped, reduced or deferred a monthly distribution since inception, over seven years ago.
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Table 1: Summary of Common Stock cash distributions for the quarter ending December 31, 2011: |
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Declaration Date |
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
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October 11 |
October 19 |
October 21 |
October 31 |
$0.125 |
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October 11 |
November 15 |
November 17 |
November 30 |
$0.125 |
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October 11 |
December 19 |
December 21 |
December 30 |
$0.125 |
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Total for the Quarter: |
$0.375 |
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$0.0875 for the Company's Senior Common Stock for each of the months of October, November and December of 2011, payable per Table 2 below. Including the payments below, the Company has paid 21 consecutive monthly cash distributions on its senior common stock. The Company has never skipped, reduced or deferred a monthly distribution.
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Table 2: Summary of Senior Common Stock cash distributions for the quarter ending December 31, 2011: |
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Declaration Date |
Payable to Holders of Record During the Month of: |
Payment Date |
Amount |
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October 11 |
October |
November 7 |
$0.0875 |
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October 11 |
November |
December 7 |
$0.0875 |
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October 11 |
December |
January 9 |
$0.0875 |
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Total for the Quarter: |
$0.2625 |
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$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of October, November and December of 2011. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below. Including the payments below, the Company has paid 72 consecutive monthly cash distributions on its Series A preferred stock. The Company has never skipped, reduced or deferred a monthly distribution.
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Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending December 31, 2011: |
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Declaration Date |
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
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October 11 |
October 19 |
October 21 |
October 31 |
$0.1614583 |
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October 11 |
November 15 |
November 17 |
November 30 |
$0.1614583 |
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October 11 |
December 19 |
December 21 |
December 30 |
$0.1614583 |
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Total for the Quarter: |
$0.4843749 |
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$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of October, November and December of 2011. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below. Including the payments below, the Company has paid 63 consecutive monthly cash distributions on its Series B preferred stock. The Company has never skipped, reduced or deferred a monthly distribution.
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Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending December 31, 2011: |
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Declaration Date |
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
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October 11 |
October 19 |
October 21 |
October 31 |
$0.15625 |
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October 11 |
November 15 |
November 17 |
November 30 |
$0.15625 |
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October 11 |
December 19 |
December 21 |
December 30 |
$0.15625 |
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Total for the Quarter: |
$0.46875 |
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(Logo: https://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL)
The Company offers a dividend reinvestment plan (the "DRIP") to its stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.
Gladstone Commercial Corporation is a publicly-traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Information on the business activities of all the Gladstone funds 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
Released October 11, 2011