Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Cash Distributions for April, May and June
MCLEAN, Va., April 12, 2011 /PRNewswire/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:
(Logo: https://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL )
$0.125 per common share for each of the months April, May and June of 2011, payable per Table 1 below.
Table 1: Summary of Common Stock cash distributions for the quarter ending June 30, 2011: Declaration Date Ex-Dividend Date Record Date Payment Date Amount April 12 April 20 April 22 April 29 $0.125 April 12 May 18 May 20 May 31 $0.125 April 12 June 16 June 20 June 30 $0.125 Total for the Quarter: $0.375
$0.0875 for the Company's Senior Common Stock for each of the months of April, May and June of 2011, payable per Table 2 below.
Table 2: Summary of Senior Common Stock cash distributions for the quarter
ending June 30, 2011:
Payable to Holders of Record
Declaration Date During the Month of: Payment Date Amount
April 12 April May 6 $0.0875
April 12 May June 7 $0.0875
April 12 June July 8 $0.0875
Total for the Quarter: $0.2625
$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of April, May and June of 2011. 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 June 30, 2011: Declaration Date Ex-Dividend Date Record Date Payment Date Amount April 12 April 20 April 22 April 29 $0.1614583 April 12 May 18 May 20 May 31 $0.1614583 April 12 June 16 June 20 June 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 April, May and June of 2011. 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 June 30, 2011: Declaration Date Ex-Dividend Date Record Date Payment Date Amount April 12 April 20 April 22 April 29 $0.15625 April 12 May 18 May 20 May 31 $0.15625 April 12 June 16 June 20 June 30 $0.15625 Total for the Quarter: $0.46875
The Company offers a dividend reinvestment plan (the "DRIP") to its stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.
Gladstone Commercial Corporation 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. Information on the business activities of all the Gladstone funds 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
Released April 12, 2011