Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, October 9, 9:17 PM
| This Slide: #388 of 672 |
Slide #388. Gladstone Commercial Corporation — Preferred Stock Offering
| Company: | Gladstone Commercial Corporation (NASDAQ:GOOD) |
| Date announced: | 5/16/2016 |
| Shares Offered: | 1,043,725 |
| Date of Pricing: | 5/20/2016 |
| Price Per Share: | $25.00 |
| 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 Corporation is a real estate investment trust (REIT). Co. is focused on acquiring, owning and operating net leased industrial and office properties across the U.S.. It conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns about 136 properties totaling 16.8 million square feet of rentable space, located in 27 states. Its properties are geographically diversified, and its tenants cover a broad cross-section of business sectors and range in size from small to large private and public companies.
Preferreds: GOODP, GOODN, GOODO
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