Gladstone Commercial Corp. (NASDAQ:GOOD) (the "Company”)
announced today that the Board of Directors declared dividends of $0.12 per common share for each of the months of October, November,
and December of 2007. Monthly dividends will be payable per table #1
below. The dividends equate to a quarterly dividend of $0.36 and
an annual dividend of $1.44 at the current rate.
Gladstone Commercial Corporation offers a Dividend Reinvestment Plan
(DRIP) for its common shareholders. For more information regarding this
Plan, please visit our website at www.GladstoneCommercial.com.
Table 1: Summary Table for common stock dividends for the Quarter
Ending December 31, 2007: Declared
X-Dividend
Record Date
Payment Date
Amount October 9
October 19
October 23
October 31
$0.12 October 9
November 19
November 21
November 30
$0.12 October 9
December 18
December 20
December 31
$0.12 Total for the Quarter Ending December 31, 2007: $0.36
The Board of Directors declared monthly cash dividends for the Company’s
7.75% Series A Cumulative Redeemable Preferred Stock of $0.1614583 for
each of the months of October, November, and December of 2007. Monthly
dividends will be payable per the table #2 below. The Series A Preferred
Stock trades on the
Nasdaq under the symbol "GOODP.” Table 2: Summary Table for Series A Preferred stock dividends for the
Quarter Ending December 31, 2007: Declared
X-Dividend
Record Date
Payment Date
Amount October 9
October 19
October 23
October 31
$0.1614583 October 9
November 19
November 21
November 30
$0.1614583 October 9
December 18
December 20
December 31
$0.1614583 Total for the Quarter Ending December 31, 2007: $0.4843749
The Board of Directors declared monthly cash dividends for the Company’s
7.50% Series B Cumulative Redeemable Preferred Stock of $0.15625 for
each of the months of October, November, and December of 2007. Monthly
dividends will be payable per the table #3 below. The Series B Preferred
Stock trades on the NASDAQ under the symbol "GOODO.” Table 3: Summary Table for Series B Preferred stock dividends for the
Quarter Ending December 31, 2007: Declared
X-Dividend
Record Date
Payment Date
Amount October 9
October 19
October 23
October 31
$0.15625 October 9
November 19
November 21
November 30
$0.15625 October 9
December 18
December 20
December 31
$0.15625 Total for the Quarter Ending December 31, 2007: $0.46875
Gladstone Commercial Corporation is a publicly traded real estate
investment trust that focuses on investing in and owning triple-net
leased industrial and commercial real estate properties and selectively
making long-term mortgage loans. Additional information can be found at www.GladstoneCommercial.com.
For further information contact Investor Relations at 703-287-5835.
This press release may include statements that may constitute "forward-looking
statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements with
regard to the future performance of the Company. Words such as "believes,” "expects,” "estimates,” "estimated,” "projects”
and "future” or
similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and
uncertainties, although they are based on the Company’s
current plans that are believed to be reasonable as of the date of this
press release. Factors that may cause the Company’s
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such forward-looking
statements include, among others, those factors listed under the caption
"Risk factors" of the Company’s
Form 10-K for the fiscal year ended December 31, 2006, as filed with the
Securities and Exchange Commission ("SEC”)
on February 27, 2007, and the Company’s form
10-Q for the quarter ended March 31, 2007, as filed with the SEC on May
1, 2007. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
