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Gladstone Land Corp 6.00% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: LANDP CUSIP: 376549408 Exchange: NGM
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Gladstone Land Corp., 6.00% Series C Cumulative Redeemable Preferred Stock , liquidation preference $25 per share, redeemable at the issuer's option prior to the later of (1) the one year anniversary of the Termination Date and (2) 06/01/24, and with no stated maturity. Cumulative distributions of 6.00% per annum ($1.50 per annum or $0.125 per month) will be payable monthly in arrears, on or about the 5th day of each month or such later date as our Board of Directors may designate to holders of record on the 25th of the preceding month prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (LAND)
Notes: August 24, 2022 -- Prospectus Ammendment : Pursuant to the Amended and Restated Dealer Manager Agreement, the primary offering of the Series C Preferred Stock will terminate on the date (the “Termination Date”) that is the earlier of (1) December 31, 2022 (unless earlier terminated or extended by our Board of Directors) and (2) the date on which all 10,200,000 shares of Series C Preferred Stock offered in the primary offering are sold. The offering period for the DRIP will terminate on the earlier of (1) the issuance of all 200,000 shares of Series C Preferred Stock under the DRIP and (2) the listing of the Series C Preferred Stock on the Nasdaq Global Market or another national securities exchange. Notre This Security listed on the NGM on June 08, 2023.
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Link to IPO Prospectus
Click for current LANDP price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1521 Westbranch Drive, Suite 100, McLean, VA 22102 |
| Main Phone Number |
703-287-5800 |
| Fax Number |
Not Available |
| Investor Relations
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703-287-5893
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| CEO - David J. Gladstone |
CFO - Lewis Parrish |
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