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:

$0.125 per 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.

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SOURCE Gladstone Commercial Corporation