Gladstone Commercial Corporation Announces Common and Preferred Stock Cash Distributions for April, May and June
MCLEAN, Va., April 7, 2010 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared monthly cash distributions of $0.125 per common share for each of the months of April, May and June of 2010. Monthly distributions will be payable per Table 1 below.
Table 1: Summary of common stock cash distributions for the quarter
ending June 30, 2010:
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X Dividend-
Declared Date Record Date Payment Date Amount
------------- ------------- ------------- ------------- -----------
April 7 April 20 April 22 April 30 $0.125
------------- ------------- ------------- ------------- -----------
April 7 May 18 May 20 May 28 $0.125
------------- ------------- ------------- ------------- -----------
April 7 June 18 June 22 June 30 $0.125
------------- ------------- ------------- ------------- -----------
Total for the Quarter: $0.375
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The Board also declared monthly cash distributions of $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 2010. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 2 below.
Table 2: Summary of Series A Preferred Stock cash distributions for the
quarter ending June 30, 2010:
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X Dividend-
Declared Date Record Date Payment Date Amount
------------- ------------- ------------- ------------- ---------------
April 7 April 20 April 22 April 30 $0.1614583
------------- ------------- ------------- ------------- ---------------
April 7 May 18 May 20 May 28 $0.1614583
------------- ------------- ------------- ------------- ---------------
April 7 June 18 June 22 June 30 $0.1614583
------------- ------------- ------------- ------------- ---------------
Total for the Quarter: $0.4843749
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The Board also declared monthly cash distributions for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock of $0.15625 for each of the months of April, May and June of 2010. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 3 below.
Table 3: Summary of Series B Preferred Stock cash distributions for the
quarter ending June 30, 2010:
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X Dividend-
Declared Date Record Date Payment Date Amount
------------- ------------- ------------- ------------- -------------
April 7 April 20 April 22 April 30 $0.15625
------------- ------------- ------------- ------------- -------------
April 7 May 18 May 20 May 28 $0.15625
------------- ------------- ------------- ------------- -------------
April 7 June 18 June 22 June 30 $0.15625
------------- ------------- ------------- ------------- -------------
Total for the Quarter: $0.46875
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The Company 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. The Company's portfolio continues to perform as expected and it does not hold investments in sub-prime or other home mortgages or investments in the housing industry.
The Company offers a dividend reinvestment plan (DRIP) for its common shareholders. For more information regarding this Plan or other information about the Company, please visit www.gladstonecommercial.com.
CONTACT: Gladstone Commercial Corporation
Investor Relations
703-287-5893
Released April 7, 2010