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 (˘Series B Preferred Stock÷), 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 », GOOD Page »

Call Date:10/31/2011 (Now Trading Post Call Date)
Shares Offered:1,000,000
Liquidation Preference:$25
Recent Market Price:$18.48
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.52 (-26.08%)
Annualized Dividend:1.5
Recent Ex-Date:12/19/2022
Current Yield:8.12%
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 office and industrial properties. 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 (the Operating Partnership). Co. controls the sole general partner of the Operating Partnership and owns, directly or indirectly, approx. 98.6% of the common units of limited partnership interest in the Operating Partnership.


Open the GOOD Information Page »
Name:  Gladstone Commercial Corp
Sector:  REITs
Number of ETFs Holding GOOD:  27 (see which ones)
Total Market Value Held by ETFs:  $95,584,723.24
Total Market Capitalization:  $728,000,000
% of Market Cap. Held by ETFs:  13.13%

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