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Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September 2022 and Earnings Release and Conference Call Dates for the Second Quarter Ended June 30, 2022

By on July 12, 2022 0

MCLEAN, VA/ACCESSWIRE/July 12, 2022/ Gladstone Commercial Corporation (Nasdaq:GOOD) (the “Company”) today announced that its Board of Directors has declared cash distributions for the months of July, August and September 2022 and also announced its intention to report its results for the second quarter ended June 30, 2022.

Cash distributions:

Ordinary actions:Cash distribution of $0.1254 per common share for July, August and September 2022, payable according to Table 1 below. The Company has paid 210 consecutive monthly cash distributions on its common shares. 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 distribution of common stock since its inception in 2003.

Table 1: Summary of Cash Distributions on Common Shares:

Registration Date

Payment date

Cash distribution

22nd of July

July 29

$0.1254

August 23

August 31

$0.1254

September 22

September 30

$0.1254

Total for the quarter:

$0.3762

Senior Common Stock:Cash distribution of $0.0875 per share of the Corporation’s senior common stock (“Senior Commons”) for July, August and September 2022, payable as per Table 2 below. The Company has paid 147 consecutive monthly cash distributions on its senior common shares. The Company has never skipped, reduced or deferred a Senior Common monthly distribution.

Table 2: Summary of senior cash distributions:

Payable to registered cardholders during the month of:

Payment date

Rising

July

5 August

$0.0875

August

September 6

$0.0875

September

October 5

$0.0875

Total for the quarter:

$0.2625

Series E Preferred Shares:Cash distribution of $0.138021 per share of the Corporation’s 6.625% Series E Preferred Shares (“Series E Preferred Shares”) for July, August and September 2022, payable as per Table 3 below. The Series E Preferred Shares trade on the Nasdaq under the symbol “GOODN”. The Company has paid 24 consecutive monthly cash distributions on its Series E Preferred Shares. The Company has never skipped, reduced or deferred a monthly distribution of Series E Preferred Shares.

Table 3: Summary of Cash Distributions on Series E Preferred Shares:

Registration Date

Payment date

Cash distribution

22nd of July

July 29

$0.138021

August 23

August 31

$0.138021

September 22

September 30

$0.138021

Total for the quarter:

$0.414063

Series F Preferred Shares:Cash distribution of $0.125 per share of the Corporation’s 6.0% Series F Preferred Shares (“Series F Preferred Shares”) for July, August and September 2022, payable as per Table 4 below. The Series F Preferred Shares are not listed on any national stock exchange. The Company has never skipped, reduced or deferred a monthly distribution of Series F Preferred Shares.

Table 4: Summary of Cash Distributions on Series F Preferred Shares:

Registration Date

Payment date

Cash distribution

July 27

5 August

$0.125

August 25

September 6

$0.125

September 27

October 5

$0.125

Total for the quarter:

$0.375

The Company offers a Dividend Reinvestment Plan (the “DRIP”) to its Common Shareholders and Series F Preferred Shareholders. For more information on the DRIP, please visit www.gladstonecommercial.com.

Series G Preferred Shares:Cash distribution of $0.125 per share of the Corporation’s 6.00% Series G Preferred Shares (“Series G Preferred Shares”) for July, August and September 2022, payable as per Table 5 below. The Series G Preferred Shares trade on the Nasdaq under the symbol “GOODO”. The Company has never skipped, reduced or deferred a monthly distribution of Series G Preferred Shares.

Table 5: Summary of Cash Distributions on Series G Preferred Shares:

Registration Date

Payment date

Cash distribution

22nd of July

July 29

$0.125

August 23

August 31

$0.125

September 22

September 30

$0.125

Total for the quarter:

$0.375

Announcement of winnings:

The Company also announced today that it plans to release its results for the second quarter ended June 30, 2022, after the close of trading on Monday, August 1, 2022. The Company will hold a conference call on Tuesday, August 2, 2022 at 8:30 a.m. EDT to discuss his findings. Please call (877) 407-9045 to participate in the conference call. An operator will monitor the call and set up a queue for questions.

A replay of the conference call will be available after the call and will be accessible until August 9, 2022. To listen to the replay, please dial (877) 660-6853 and use the conference call number 13730106.

The live audio broadcast of the Company’s conference call will be available online at www.gladstonecommercial.com.

If you have any questions before or after the results are released, you can email them to [email protected].

Gladstone Commercial Corporation is a real estate investment trust (“REIT”) focused on the acquisition, ownership and operation of net leased industrial and office properties throughout the United States. As of March 31, 2022, Gladstone Commercial’s real estate portfolio consisted of 131 properties located in 27 states, totaling approximately 16.4 million square feet. Additional information can be found at www.gladstonecommercial.com.

Investor Relations Inquiries: Please visit www.gladstonecommercial.com or +1-703-287-5893.

THE SOURCE: Gladstone Commercial Corporation

See the source version on accesswire.com:
https://www.accesswire.com/708297/Gladstone-Commercial-Corporation-Announces-Monthly-Cash-Distributions-for-July-August-and-September-2022-and-Second-Quarter-Ended-June-30- 2022-Results-Outing-and-Conference-Dates