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Quotes delayed 20 minutes
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Strong Buy (3.55 out of 4)
67th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, October 25, 8:33 PM
Slide #46. Gladstone Commercial Corporation — Preferred Stock Offering
| Company: |
Gladstone Commercial Corporation (NASDAQ:GOOD) |
| Date announced: |
9/25/2019 |
| Shares Offered: |
2,400,000 |
| Date of Pricing: |
9/26/2019 |
| 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 E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Series E Preferred Stock on the same terms and conditions. -updated 9/26- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") today announced that it has priced an underwritten public offering of 2,400,000 shares of its newly designated 6.625% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") at a public offering price of $25.00 per share, raising $60.0 million in gross proceeds and approximately $57.9 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company and exclusive of the underwriters' option to purchase additional shares (as described below). The Company has also granted the underwriters a 30-day option to purchase 360,000 additional shares of Series E Preferred Stock on the same terms and conditions. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on October 4, 2019. |
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: |
24 (see which ones) |
| Total Market Value Held by ETFs: |
$35,191,035,038 |
| Total Market Capitalization: |
$584,000,000 |
| % of Market Cap. Held by ETFs: |
6025.86% |
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Open the GOOD Page at Preferred Stock Channel (in a new window) »
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