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Gladstone Land Corp. 6.00% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: TEMP19 CUSIP: Unknown* Exchange:
* If you know the CUSIP number for this security, please let us know.
The 6.00% Series C preferred shares were issued on 04/03/2020 but are not yet trading on the stock markets. They have been assigned the temporary ticker symbol TEMP19 by QuantumOnline until they start trading on the Nasdaq Global Market or on the Other OTC market and their ticker symbol is known. The shares are expected to start trading on the Nasdaq Global Market within one calendar year of the Termination Date and could, but not necessarily will, start trading on the Other OTC market at any time on an interim basis.
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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) 6/01/2024, 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 to holders of record which will be the 25th day of the proceeding month of the payment date or other record date fixed by the board. (NOTE: the ex-dividend date is one business day prior to the record date). Holders of the Preferred Stock may, at their option, redeem any or all of their shares of Preferred Stock for a cash payment of $22.50 per share (see prospectus for more details). 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)
IPO - 4/3/2020 - 26.00 Million Shares @ $25/share.
Link to IPO Prospectus
Market Value $650.0 Million
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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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