Preferred Stock Channel
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 »

Series:B
Redeemable?:Yes
Call Date:10/31/2011 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,000,000
Overallotment:150,000
Liquidation Preference:$25.00
Recent Market Price:$20.00
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-5.00 (-20.00%)
Annualized Dividend:1.5
Recent Ex-Date:3/20/2024
Current Yield:7.50%
Original Coupon:7.50%
Pay Period:Monthly
CDx3 Compliance Rating: Learn GOODO's Rating
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 »
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%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Gladstone Commercial Corp | 7.50% Series B Cumulative Redeemable Preferred Stock (GOODO) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.