Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash Distributions for July, Augus

^{Published on 2012-07-10 13:19:56 - Market Wire}
 

Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash... -- MCLEAN, Va., July 10, 2012 /PRNewswire/ --

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MCLEAN, Va., July 10, 2012 /PRNewswire/ -- [ Gladstone Commercial Corporation ] (NASDAQ: [ GOOD ]) (the "Company") announced today that its board of directors declared the following monthly cash distributions:

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

$0.125per common share for each of July, August and September 2012, payable per Table 1 below.  The Company has paid 90 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid 5 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 September 30, 2012:

$0.0875 for the Company's senior common stock ("Senior Common") for each of July, August and September 2012, payable per Table 2 below. The Company has paid 27 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly distribution.

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

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for each of July, August and September 2012, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 78 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 September 30, 2012:

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock") for each of July, August and September 2012, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."  The Company has paid 69 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 September 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 July, August and September 2012, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN."  The Company has paid 5 consecutive monthly cash distributions on its Series C Term Preferred Stock. Monthly distributions will be payable per Table 5 below.

Table 5: Summary of Series C Term Preferred Stock cash distributions for the quarter ending September 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 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 77 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 ].

SOURCE Gladstone Commercial Corporation

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[ http://www.gladstonecommercial.com ]