Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2018, and Third Quar...
October 09 2018 - 4:15PM
Gladstone Commercial Corporation (NASDAQ: GOOD) (the “Company”)
announced today that its board of directors declared cash
distributions for the months of October, November and December 2018
and also announced its plan to report earnings for the third
quarter ended September 30, 2018.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of October, November and December 2018,
payable per Table 1 below. The Company has paid 165
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 or quarterly common
stock distribution since its inception in 2003.
Table 1: Summary of common stock cash
distributions: |
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Record
Date |
Payment
Date |
Cash Distribution |
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October 19 |
October 31 |
$ |
0.125 |
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November 20 |
November 30 |
$ |
0.125 |
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December 20 |
December 31 |
$ |
0.125 |
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Total for the Quarter: |
$ |
0.375 |
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Senior Common Stock: $0.0875 cash distribution
per share of the Company’s senior common stock (“Senior Common”)
for each of October, November and December 2018, payable per Table
2 below. The Company has paid 102 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: |
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Payable to
Holders of Record During the Month of: |
Payment
Date |
Amount |
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October |
November 7 |
$ |
0.0875 |
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November |
December 7 |
$ |
0.0875 |
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December |
January 7 |
$ |
0.0875 |
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Total
for the Quarter: |
$ |
0.2625 |
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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
October, November and December 2018, payable per Table 3 below. The
Series A Preferred Stock trades on NASDAQ under the symbol “GOODP.”
The Company has paid 153 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: |
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Record
Date |
Payment
Date |
Cash Distribution |
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|
October 19 |
October 31 |
$ |
0.1614583 |
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November 20 |
November 30 |
$ |
0.1614583 |
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December 20 |
December 31 |
$ |
0.1614583 |
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Total for the Quarter: |
$ |
0.4843749 |
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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
October, November and December 2018, payable per Table 4 below. The
Series B Preferred Stock trades on NASDAQ under the symbol
“GOODO.” The Company has paid 144 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: |
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Record
Date |
Payment
Date |
Cash Distribution |
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|
October 19 |
October 31 |
$ |
0.15625 |
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November 20 |
November 30 |
$ |
0.15625 |
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December 20 |
December 31 |
$ |
0.15625 |
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Total for the Quarter: |
$ |
0.46875 |
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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 October, November
and December 2018, payable per Table 5 below. The Series D
Preferred Stock trades on NASDAQ under the symbol “GOODM.”
The Company has paid 29 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: |
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Record
Date |
Payment
Date |
Cash Distribution |
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|
|
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|
October 19 |
October 31 |
$ |
0.1458333 |
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November 20 |
November 30 |
$ |
0.1458333 |
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December 20 |
December 31 |
$ |
0.1458333 |
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Total for the Quarter: |
$ |
0.4374999 |
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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 third quarter ended September 30, 2018, after the
stock market closes on Tuesday, October 30, 2018. The Company will
hold a conference call Wednesday, October 31, 2018 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 November 7, 2018. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 1485499.
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 December 31, 2018.
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.
As of June 30, 2018, the Company owned 98 properties located in 24
states, totaling approximately 11.4 million square feet.
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.
Source: Gladstone Commercial Corporation
For further information: Gladstone Commercial Corporation, +1
703-287-5893
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