Gladstone Commercial Corporation Announces Common and Preferred Stock Cash Distributions for January, February and March

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MCLEAN, Va., Jan. 12, 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 January, February and March of 2010. Monthly distributions will be payable per Table 1 below. 



     Table 1: Summary of common stock cash distributions for
                 the quarter ending March 31, 2010:
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    Declared   X Dividend-Date   Record Date   Payment Date   Amount
 ---------------------------------------------------------------------
   January 12    January 19       January 21    January 29    $0.125
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   January 12    February 16     February 18   February 26    $0.125
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   January 12     March 19         March 23      March 31     $0.125
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                                      Total for the Quarter:  $0.375
  --------------------------------------------------------------------

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 January, February and March 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 March 31, 2010:
 ---------------------------------------------------------------------
  Declared     X Dividend-Date  Record Date   Payment Date    Amount
 ---------------------------------------------------------------------
  January 12     January 19      January 21    January 29   $0.1614583
 ---------------------------------------------------------------------
  January 12     February 16    February 18   February 26   $0.1614583
 ---------------------------------------------------------------------
  January 12      March 19        March 23      March 31    $0.1614583
 ---------------------------------------------------------------------
                                     Total for the Quarter: $0.4843749
 ---------------------------------------------------------------------

The Board also declared monthly cash distributions of $0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of January, February and March 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 March 31, 2010:
 ---------------------------------------------------------------------
   Declared    X Dividend-Date    Record Date   Payment Date   Amount
 ---------------------------------------------------------------------
  January 12     January 19        January 21    January 29   $0.15625
 ---------------------------------------------------------------------
  January 12     February 16      February 18   February 26   $0.15625
 ---------------------------------------------------------------------
  January 12      March 19          March 23      March 31    $0.15625
 ---------------------------------------------------------------------
                                       Total for the Quarter: $0.46875
 ---------------------------------------------------------------------

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 or contact Investor Relations at 703-287-5839. 

CONTACT:  Gladstone Commercial Corporation
          Investor Relations
          703-287-5839

Released January 12, 2010