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Quotes delayed 20 minutes
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Strong Buy (3.55 out of 4)
70th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, March 31, 4:53 AM
Slide #184. Gladstone Commercial Corporation — Preferred Stock Offering
| Company: |
Gladstone Commercial Corporation (NASDAQ:GOOD) |
| Date announced: |
8/1/2016 |
| Shares Offered: |
1,230,000 |
| Date of Pricing: |
8/2/2016 |
| Price Per Share: |
$50.73 |
| Preferred Stock Offering Details: |
Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") today announced that it plans to sell shares of its 7.0% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") in a registered direct placement. -updated 8/2- Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") today announced the pricing of a registered direct placement of 1,230,000 shares of its 7.0% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") to select institutional and retail investors. 1,267,968 shares of Series D Preferred Stock were outstanding prior to this offering and 2,497,968 shares of Series D Preferred Stock will be outstanding following the offering, representing an aggregate liquidation value of $62.4 million. The Series D Preferred Stock ranks on parity with the Company's outstanding 7.75% Series A Cumulative Redeemable Preferred Stock, 7.5% Series B Cumulative Redeemable Preferred Stock and 7.125% Series C Cumulative Term Preferred Stock. Shares of the Series D Preferred Stock are listed on NASDAQ's Global Select Market under the trading symbol "GOODM." |
Gladstone Commercial is a holding company, engaged in a real estate investment trust. Co. focuses on acquiring, owning, and managing primarily office and industrial properties. On a selective basis, Co. may make long term industrial and office mortgage loans. Co.'s properties are geographically diversified and its tenants cover a range of business sectors and size from small to large private and public companies. 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. Preferreds: GOODP, GOODN, GOODO
 Open the GOOD Page at Preferred Stock Channel »
| Name: |
Gladstone Commercial Corp |
| Website: |
www.GladstoneCommercial.com |
| Sector: |
REITs |
| Number of ETFs Holding GOOD: |
21 (see which ones) |
| Total Market Value Held by ETFs: |
$61,114,858 |
| Total Market Capitalization: |
$451,000,000 |
| % of Market Cap. Held by ETFs: |
13.55% |
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