Gladstone Commercial Corp | 7.50% Series B Cumulative Redeemable Preferred Stock (GOODO)
Prospectus excerpt: Dividends on the 7.50% Series B Cumulative Redeemable Preferred Stock, par value $0.001 per share (ÙSeries B Preferred Stockˆ), will be cumulative from (but excluding) the date of original issue and payable monthly in arrears, beginning on November 30, 2006, at the rate of 7.50% of the liquidation preference per annum, or $1.875 per share of Series B Preferred Stock.
The shares of Series B Preferred Stock are not redeemable until October 31, 2011, after which we may redeem the shares at a redemption price of $25 per share of Series B Preferred Stock, plus any accumulated and unpaid dividends to and including the date of redemption. The shares of Series B Preferred Stock have no maturity date and will remain outstanding indefinitely unless we elect to redeem the shares.
Full Prospectus PDF », Secondary Prospectus PDF », GOOD Page »
|
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 industrial and office properties. Co. conducts its business activities through an Umbrella Partnership Real Estate Investment Trust structure, by which all of Co.'s properties are held by Gladstone Commercial Limited Partnership (the Operating Partnership). Co. controls the sole general partner of the Operating Partnership and owns, directly or indirectly the common units of limited partnership interest in the Operating Partnership. Co.'s business is managed by its external adviser, Gladstone Management Corporation. Preferreds: GOODP, GOODN, GOODO Open the GOOD Information Page » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|