MCLEAN, Va., April 7, 2010 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared monthly cash distributions of $0.125 per common share for each of the months of April, May and June of 2010. Monthly distributions will be payable per Table 1 below.
| Table 1: Summary of common stock cash distributions for the quarter ending June 30, 2010: | ||||
| Declared |
X Dividend- Date |
Record Date | Payment Date | Amount |
| April 7 | April 20 | April 22 | April 30 | $0.125 |
| April 7 | May 18 | May 20 | May 28 | $0.125 |
| April 7 | June 18 | June 22 | June 30 | $0.125 |
| Total for the Quarter: $0.375 | ||||
The Board also declared monthly cash distributions of $0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of April, May and June of 2010. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 2 below.
| Table 2: Summary of Series A Preferred Stock cash distributions for the quarter ending June 30, 2010: | ||||
| Declared |
X Dividend- Date |
Record Date | Payment Date | Amount |
| April 7 | April 20 | April 22 | April 30 | $0.1614583 |
| April 7 | May 18 | May 20 | May 28 | $0.1614583 |
| April 7 | June 18 | June 22 | June 30 | $0.1614583 |
| Total for the Quarter: $0.4843749 | ||||
The Board also declared monthly cash distributions for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock of $0.15625 for each of the months of April, May and June of 2010. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 3 below.
| Table 3: Summary of Series B Preferred Stock cash distributions for the quarter ending June 30, 2010: | ||||
| Declared |
X Dividend- Date |
Record Date | Payment Date | Amount |
| April 7 | April 20 | April 22 | April 30 | $0.15625 |
| April 7 | May 18 | May 20 | May 28 | $0.15625 |
| April 7 | June 18 | June 22 | June 30 | $0.15625 |
| Total for the Quarter: $0.46875 | ||||
The Company 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. The Company's portfolio continues to perform as expected and it does not hold investments in sub-prime or other home mortgages or investments in the housing industry.
The Company offers a dividend reinvestment plan (DRIP) for its common shareholders. For more information regarding this Plan or other information about the Company, please visit www.gladstonecommercial.com.