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Hold (2.33 out of 4)
7th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, March 29, 11:19 AM
Slide #68. Gladstone Commercial Corporation — Preferred Stock Offering
Company: |
Gladstone Commercial Corporation (NASDAQ:GOOD) |
Date announced: |
6/21/2021 |
Shares Offered: |
4,000,000 |
Date of Pricing: |
6/21/2021 |
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 G Cumulative Redeemable Preferred Stock (the "Series G Preferred Stock") in an underwritten public offering. The public offering price and other terms are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Series G Preferred Stock on the same terms and conditions. -updated 6/21- Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") today announced that it has priced an underwritten public offering of 4,000,000 shares of its newly designated 6.00% Series G Cumulative Redeemable Preferred Stock (the "Series G Preferred Stock") at a public offering price of $25.00 per share, raising $100.0 million in gross proceeds and approximately $96.7 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on June 28, 2021. |
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 Page at Preferred Stock Channel »
Name: |
Gladstone Commercial Corp |
Website: |
www.GladstoneCommercial.com |
Sector: |
REITs |
Number of ETFs Holding GOOD: |
23 (see which ones) |
Total Market Value Held by ETFs: |
$72,919,455.64 |
Total Market Capitalization: |
$543,000,000 |
% of Market Cap. Held by ETFs: |
13.43% |
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