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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

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PR Newswire

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


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Kurse

14,86 $
+1,92%
Gladstone Chart

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

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