Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Cash Distributions for July, August and September

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MCLEAN, Va., July 7, 2010 (GLOBE NEWSWIRE) -- 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 of July, August and September of 2010, payable per Table 1 below.

Table 1: Summary of common stock cash distributions for the quarter ending September 30, 2010: 





   Declared     X Dividend-Date      Record Date       Payment Date       Amount
  -----------  -----------------  ----------------  -----------------  -----------

     July 7         July 20            July 22           July 30          $0.125
  -----------  -----------------  ----------------  -----------------  -----------

     July 7        August 19         August 23          August 31         $0.125
  -----------  -----------------  ----------------  -----------------  -----------

     July 7       September 20      September 22       September 30       $0.125
  -----------  -----------------  ----------------  -----------------  -----------

                                                     Total for the Quarter: $0.375
  --------------------------------------------------------------------------------

$0.0875 for the Company's Senior Common Stock for each of the months of July, August and September of 2010, payable per Table 2 below.

Table 2: Summary of Senior Common Stock cash distributions for the quarter ending September 30, 2010: 





   Declared       Record Date      Payment Date       Amount
  -----------  ----------------  ----------------  ------------

     July 7         July 1           August 6         $0.0875
  -----------  ----------------  ----------------  ------------

     July 7        August 1         September 8       $0.0875
  -----------  ----------------  ----------------  ------------

     July 7       September 1       October 7         $0.0875
  -----------  ----------------  ----------------  ------------

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of July, August and September of 2010. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below.

Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending September 30, 2010: 





   Declared     X Dividend-Date      Record Date       Payment Date         Amount
  -----------  -----------------  ----------------  -----------------  ---------------

     July 7         July 20            July 22           July 30          $0.1614583
  -----------  -----------------  ----------------  -----------------  ---------------

     July 7        August 19         August 23          August 31         $0.1614583
  -----------  -----------------  ----------------  -----------------  ---------------

     July 7       September 20      September 22       September 30       $0.1614583
  -----------  -----------------  ----------------  -----------------  ---------------

                                                     Total for the Quarter: $0.4843749
  ------------------------------------------------------------------------------------

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of July, August and September of 2010. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below.

Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending September 30, 2010: 





   Declared     X Dividend-Date      Record Date       Payment Date       Amount
  -----------  -----------------  ----------------  -----------------  -------------

     July 7         July 20            July 22           July 30          $0.15625
  -----------  -----------------  ----------------  -----------------  -------------

     July 7        August 19         August 23          August 31         $0.15625
  -----------  -----------------  ----------------  -----------------  -------------

     July 7       September 20      September 22       September 30       $0.15625
  -----------  -----------------  ----------------  -----------------  -------------

                                                     Total for the Quarter: $0.46875
  ----------------------------------------------------------------------------------

The Company 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. The Company's portfolio continues to perform as expected and it does not hold investments in sub-prime or other home mortgages or investments in the housing industry.

The Company offers a dividend reinvestment plan (DRIP) for its common shareholders. For more information regarding this Plan or other information about the Company, please visit www.gladstonecommercial.com. 

CONTACT:  Gladstone Commercial Corporation
          Investor Relations
          703-287-5893

Released July 7, 2010