Press release
Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2022 and Third Quarter Ended September 30, 2022 Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / October 11, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors
About this update from Gladstone Commercial Corporation - Real Estate Investment Trust
MCLEAN, VA / ACCESSWIRE / October 11, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of October, November and December 2022 and also announced its plan to report earnings for the third quarter ended September 30, 2022.Cash Distributions:Common Stock: $0.1254 cash distribution per common share for each of October, November and December 2022, payable per Table 1 below. The Company has paid 213 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 or quarterly common stock distribution since its inception in 2003.Table 1: Summary of common stock cash distributions:Record DatePayment DateCash DistributionOctober 21October 31$0.1254November 18November 30$0.1254December 20December 30$0.1254 Total for the Quarter:$0.3762Senior Common Stock: $0.0875 cash distribution per share of the Company's senior common stock ("Senior Common") for each of October, November and December 2022, payable per Table 2 below. The Company has paid 150 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 DateAmountOctoberNovember 4$0.0875NovemberDecember 5$0.0875DecemberJanuary 6$0.0875Total for the Quarter:$0.2625Series E Preferred Stock: $0.138021 cash distribution per share of the Company's 6.625% Series E Preferred Stock ("Series E Preferred Stock") for each of October, November and December 2022, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN." The Company has paid 27 consecutive monthly cash distributions on its Series E Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series E Preferred Stock distribution.Table 3: Summary of Series E Preferred Stock cash distributions:Record DatePayment DateCash DistributionOctober 21October 31$0.138021November 18November 30$0.138021December 20December 30$0.138021 Total for the Quarter:$0.414063Series F Preferred Stock: $0.125 cash distribution per share of the Company's 6.0% Seri...