Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Tue, May 24, 6:09 PM
|This Slide: #297 of 581|
Slide #297. Gladstone Commercial Corporation — Preferred Stock Offering
Gladstone Commercial Corporation (NASDAQ:GOOD)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") today announced that it plans to sell shares of its newly designated Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") in a registered direct placement. -updated 5/20- Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") today announced the pricing of a registered direct placement of 1,043,725 shares of its 7.0% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") at an offering price of $25.00 per share to select institutional and retail investors. The Series D Preferred Stock is a new series of preferred stock that will rank on parity with the Company's outstanding 7.75% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), 7.5% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") and 7.125% Series C Cumulative Term Preferred Stock (the "Series C Preferred Stock"). The Company has applied to list the shares of Series D Preferred Stock on NASDAQ's Global Select Market, which are expected to trade under the symbol "GOODM."
Gladstone Commercial is a holding company. Through its subsidiaries, Co. is engaged as a real estate investment trust. Co. focuses on acquiring, owning, and managing primarily office and industrial properties. Co. conducts substantially all of its business activities through an Umbrella Partnership Real Estate Investment Trust structure, by which all of Co.'s properties are held, directly or indirectly, by Gladstone Commercial Limited Partnership (the Operating Partnership). Co. controls the sole general partner of the Operating Partnership and owns, directly or indirectly, approx. 98.6% of the common units of limited partnership interest in the Operating Partnership.
Open the GOOD Page at Preferred Stock Channel »
Free GOOD Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Buy (3.25 out of 4)
(ranked lower than approx. 64% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com