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Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2014 and First Quarter Earnings Release and Conference Call Dates

MCLEAN, Va., April 8, 2014 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") announced today that its board of directors declared the following monthly cash distributions and also announced its plan to report earnings for the first quarter ended March 31, 2014:

Gladstone Commercial

Cash Distributions:

Common Stock: $0.125 per common share for each of April, May and June 2014, payable per Table 1 below.  The Company has paid 111 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.  The Company has never skipped, reduced or deferred a monthly common stock distribution since inception, over 10 years ago.

Table 1: Summary of common stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount


April 16

April 21

April 30

$0.125


May 16

May 20

May 30

$0.125


June 17

June 19

June 30

$0.125


Total for the Quarter:

$0.375


 

Senior Common Stock: $0.0875 per share of the Company's senior common stock ("Senior Common") for each of April, May and June 2014, payable per Table 2 below. The Company has paid 48 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly Senior Common distribution.

Table 2: Summary of Senior Common cash distributions:

Payable to Holders of Record

During the Month of:

Payment Date

Amount

April

May 7

$0.0875

May

June 6

$0.0875

June

July 8

$0.0875

Total for the Quarter:

$0.2625

 

Series A Preferred Stock: $0.1614583 per share of the Company's 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for each of April, May and June 2014, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 99 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series A Preferred Stock distribution.

Table 3: Summary of Series A Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

April 16

April 21

April 30

$0.1614583

May 16

May 20

May 30

$0.1614583

June 17

June 19

June 30

$0.1614583

Total for the Quarter:

$0.4843749

 

Series B Preferred Stock: $0.15625 per share of the Company's 7.50% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock") for each of April, May and June 2014, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."  The Company has paid 90 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series B Preferred Stock distribution.

Table 4: Summary of Series B Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount


April 16

April 21

April 30

$0.15625


May 16

May 20

May 30

$0.15625


June 17

June 19

June 30

$0.15625


Total for the Quarter:

$0.46875


 

Series C Preferred Stock: $0.1484375 per share of the Company's 7.125% Series C Term Preferred Stock ("Series C Term Preferred Stock") for each of April, May and June 2014, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN."  The Company has paid 26 consecutive monthly cash distributions on its Series C Term Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series C Preferred Stock distribution.

Table 5: Summary of Series C Term Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount


April 16

April 21

April 30

$0.1484375


May 16

May 20

May 30

$0.1484375


June 17

June 19

June 30

$0.1484375


Total for the Quarter:

$0.4453125


 

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Earnings Announcement:

The Company also announced today that it plans to report earnings for the fiscal quarter ending March 31, 2014, after the stock market closes on Monday April 28, 2014. The Company will hold a conference call Tuesday April 29, 2014 at 8:30 a.m. EDT to discuss its earnings results.  Please call (888) 734-0328 and use code 25652881 to enter the conference call.  An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through May 29, 2014.  To hear the replay, please dial (800) 585-8367 and use playback conference number 25652881.

The live audio broadcast of the Company's conference call will be available online at www.gladstonecommercial.com. The event will be archived and available for replay on the Company's website through June 29, 2014.

If you have questions prior to or following the earnings release you may e-mail them to [email protected].

Gladstone Commercial Corporation is a real estate investment trust ("REIT") that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The Company currently owns 89 properties.  Additional information 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.

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SOURCE Gladstone Commercial Corporation

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