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Gladstone Commercial Corp., 7.75% Series A Cumul Redeem Preferred Stock
Ticker Symbol: GOODP*     CUSIP: 376536207     Exchange: NGS
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 10/28/2019

Security has been Called for:  Monday, October 28, 2019

Sept. 25, 2019 -- Gladstone Commercial Corporation (Nasdaq: GOOD) today announced the conditional, optional redemption of first, all outstanding shares of its $25.0 million 7.75% Series A Cumulative Redeemable Preferred Stock, and second, all outstanding shares of its $31.6 million 7.5% Series B Cumulative Redeemable Preferred Stock. These optional redemptions are contingent upon the closing of an offering of a new series of cumulative redeemable preferred stock on or prior to October 23, 2019, with net proceeds to the Company sufficient to effect the redemptions. The Company may waive the contingencies with respect to the redemptions of one or both series, may authorize partial redemptions of one or both series and may cancel any redemptions at its sole discretion. Notices of redemption on a conditional basis will be sent and publicized with respect to both the Series A Preferred Stock and Series B Preferred Stock, each with a conditional redemption date of October 28, 2019 at a redemption price of $25.00 per share plus all accrued and unpaid dividends through such redemption date. _________________ May 20, 2016 -- Gladstone Commercial Corporation today announced its intention to partially redeem approximately $25.0 million of its issued and outstanding 7.125% Series C Cumulative Term Preferred Stock. The Company further announced that the previously announced conditional redemption of the outstanding shares of its 7.75% Series A Cumulative Redeemable Preferred Stock and its 7.5% Series B Cumulative Redeemable Preferred Stock have been canceled. The Company intends to send notices regarding the partial redemption of Series C Preferred Stock on May 25, 2016 after the closing of the offering of its 7.0% Series D Cumulative Redeemable Preferred Stock. ____________ May 16, 2016 -- Gladstone Commercial Corporation today announced the conditional redemption of all outstanding shares of its $25.0 million 7.75% Series A Cumulative Redeemable Preferred Stock, and its $31.6 million 7.5% Series B Cumulative Redeemable Preferred Stock and its intention to redeem its $38.5 million 7.125% Series C Cumulative Term Preferred Stock. These optional redemptions are contingent upon the closing of an offering of a new series of cumulative redeemable preferred stock on or prior to June 13, 2016, with net proceeds to the Company sufficient to effect the redemptions, with priority given to the Series C Preferred Stock, then the Series A Preferred Stock, and then the Series B Preferred Stock. The Company may waive the contingencies with respect to the redemptions of one or more series, may authorize partial redemptions of one or more series and may cancel any redemptions at its sole discretion. Notices of redemption on a conditional basis will be sent and publicized with respect to both the Series A Preferred Stock and Series B Preferred Stock, each with a conditional redemption date of June 15, 2016 at a redemption price of $25.00 per share plus all accrued and unpaid dividends. We intend to send notices of redemption for Series C Preferred Stock following the closing of the Company's preferred stock offering and the receipt of sufficient funds to redeem the Series C Preferred Stock.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Gladstone Commercial Corp., 7.75% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/30/2011 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 7.75% ($1.9375) per annum are paid monthly on the last business day of each month to holders of record or on the date fixed by the board, not more than 20 days or less than 7 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). See the Form 8-K filed with the SEC on 4/13/2006 which revised and clarified the payment and record dates for this preferred stock. 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. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NGS
Chart
7.75%
$1.94
$25.00
$25.00
Called for
10/28/2019

None
NF NF
9/26/2019
Last day of each month
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (GOOD)

IPO - 1/19/2006 - 1.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Market Value $25.0 Million

Company's Online Information Links
HOME PAGE:     https://www.gladstonecommercial.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address commercial@gladstonecompanies.com
General Email Address info@gladstonecompanies.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   1521 Westbranch Drive, Suite 200, McLean, VA 22102
Main Phone Number 703-287-5800
Fax Number 703-287-5801
Investor Relations 703-287-5878
Toll Free Phone Number Unknown
CEO - David Gladstone CFO - Mike Sodo

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