Gladstone Commercial Corp. Announces Common and Preferred Stock Cash Distributions for July, August and September

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MCLEAN, Va., July 8, 2009 (GLOBE NEWSWIRE) -- Gladstone Commercial Corp. (Nasdaq:GOOD) (the "Company") announced today that the Board of Directors declared monthly cash distributions of $0.125 per common share for each of the months of July, August and September of 2009.

Table 1: Summary of common stock cash distributions for the Quarter Ending September 30, 2009: 



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  Declared    X Dividend-Date    Record Date    Payment Date   Amount
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    July 8      July 21            July 23       July 31       $0.125
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    July 8      August 19          August 21     August 31     $0.125
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    July 8    September 18       September 22   September 30   $0.125
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                                       Total for the Quarter:  $0.375
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The portfolio is performing as expected. Also, the Company holds no investments in sub-prime or other home mortgages or investments in the housing industry in its portfolio.

The Board of Directors declared monthly cash distributions for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock of $0.1614583 for each of the months of July, August and September of 2009. Monthly distributions will be payable per Table 2 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP."

Table 2: Summary of Series A Preferred stock cash distributions for the Quarter Ending September 30, 2009: 



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  Declared  X Dividend-Date  Record Date  Payment Date      Amount
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  July 8      July 21          July 23      July 31        $0.1614583
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  July 8      August 19        August 21    August 31      $0.1614583
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  July 8    September 18     September 22 September 30     $0.1614583
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                                    Total for the Quarter: $0.4843749
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The Board of Directors 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 July, August and September of 2009. Monthly distributions will be payable per Table 3 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."

Table 3: Summary of Series B Preferred stock cash distributions for the Quarter Ending September 30, 2009: 



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  Declared   X Dividend-Date   Record Date   Payment Date   Amount
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  July 8       July 21           July 23       July 31      $0.15625
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  July 8       August 19         August 21     August 31    $0.15625
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  July 8     September 18      September 22  September 30   $0.15625
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                                     Total for the Quarter: $0.46875
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Gladstone Commercial Corporation offers a Dividend Reinvestment Plan (DRIP) for its common shareholders. For more information regarding this Plan, please visit our website at 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. Additional information can be found at www.gladstonecommercial.com. 

CONTACT:  Gladstone Commercial Corp.
          Investor Relations
          703-287-5893

Released July 8, 2009