Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash Distributions for April, May

^{Published on 2012-04-11 13:15:56 - Market Wire}
 

Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash... -- MCLEAN, Va., April 11, 2012 /PRNewswire/ --

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MCLEAN, Va., April 11, 2012 /PRNewswire/ -- [ Gladstone Commercial Corporation ] (NASDAQ: [ GOOD ]) (the "Company") announced today that its board of directors declared the following monthly distributions:

$0.125per common share for each of April, May and June 2012, payable per Table 1 below.  The Company has paid 87 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 distribution since inception, over eight years ago.

Table 1: Summary of Common Stock cash distributions for the quarter ending June 30, 2012:

$0.0875 for the Company's Senior Common Stock for each of April, May and June 2012, payable  per Table 2 below. The Company has paid 24 consecutive monthly cash distributions on its Senior Common Stock. The Company has never skipped, reduced or deferred a monthly distribution.

Table 2: Summary of Senior Common Stock cash distributions for the quarter ending June 30, 2012:

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for each of April, May and June 2012. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below. The Company has paid 75 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly distribution.

Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending June 30, 2012:

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock") for each of April, May and June 2012. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below.  The Company has paid 66 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly distribution.

Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending June 30, 2012:

$0.1484375 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 2012. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN." Monthly distributions will be payable per Table 5 below.

Table 5: Summary of Series C Term Preferred Stock cash distributions for the quarter ending June 30, 2012:

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit [ www.gladstonecommercial.com ].

Gladstone Commercial Corporation is a publicly-traded real estate investment trust ("REIT") that focuses on investing in and owning triple-net leased industrial, commercial, medical and retail real estate properties.  The Company currently owns 73 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 ].

(Logo: [ http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL ] )

SOURCE Gladstone Commercial Corporation

RELATED LINKS
[ http://www.gladstonecommercial.com ]