Gladstone Commercial Announces Common and Preferred Stock Distributions for July, August and September.MCLEAN McLean, city (1990 pop. 38,168), Fairfax co., N Va., a suburb of Washington, D.C. Manufacturing includes foods, satellite components, and computer and telecommunications equipment. , Va. -- Gladstone Commercial Corp. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GOOD) (the "Company") announced today that the Board of Directors declared monthly distributions of $0.125 per common share for each of the months of July, August and September of 2008. The distribution equates to a quarterly distribution of $0.375 and an annual distribution of $1.50 at the current rate. Monthly common stock distributions will be payable per Table 1 below.
Gladstone Commercial Corporation offers a Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP)
Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. (DRIP) for its common shareholders. For more information regarding this Plan, please visit our website at www.GladstoneCommercial.com.
All tenants are paying as agreed and all properties held or mortgaged by the Company are 100% leased and occupied. 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 dividends for the Company's 7.75% Series A Cumulative Redeemable Redeemable
Eligible for redemption under the terms of an indenture. Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.
Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of $0.1614583 for each of the months of July, August and September of 2008. Monthly dividends will be payable per Table 2 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP."
The Board of Directors declared monthly cash dividends 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 2008. Monthly dividends will be payable per Table 3 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."
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 Long-term
Three or more years. In the context of accounting, more than 1 year.
1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. mortgage loans. Additional information can be found at www.GladstoneCommercial.com.
For further information contact Investor Relations Investor relations
The process by which the corporation communicates with its investors. at 703-287-5835.
This press release may include statements that may constitute "forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend
v. a·mend·ed, a·mend·ing, a·mends
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.
2. , and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the future performance of the Company. Words such as "believes," "expects," "estimates," "estimated," "projects" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements include, among others, those factors listed under the caption "Risk factors" of the Company's Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. for the fiscal year ended December 31, 2007, as filed with the Securities and Exchange Commission ("SEC") on February 27, 2008. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.