Gladstone Commercial Corporation Announces Monthly Cash Distributions For January, February And March, 2017

MCLEAN, Va., Jan. 10, 2017 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of January, February and March, 2017.

Cash Distributions:

Common Stock: $0.125 cash distribution per common share for each of January, February and March, 2017, payable per Table 1 below.  The Company has paid 144 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.  The Company has never skipped, reduced or deferred a monthly common stock distribution since inception, over 10 years ago.
Table 1: Summary of common stock cash distributions:  
Ex-Dividend Date Record Date Payment Date Amount  
January 18 January 20 January 31 $ 0.125  
February 14 February 16 February 28 $ 0.125  
March 20 March 22 March 31 $ 0.125  
Total for the Quarter: $ 0.375  
       

Senior Common Stock: $0.0875 cash distribution per share of the Company's senior common stock ("Senior Common") for each of January, February and March, 2017, payable per Table 2 below. The Company has paid 81 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly Senior Common distribution.
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of: Payment Date Amount
January February 7 $ 0.0875
February March 7 $ 0.0875
March April 7 $ 0.0875
Total for the Quarter: $ 0.2625
     

Series A Preferred Stock: $0.1614583 cash distribution per share of the Company's 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for each of January, February and March, 2017, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 132 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series A Preferred Stock distribution.
Table 3: Summary of Series A Preferred Stock cash distributions:
Ex-Dividend Date Record Date Payment Date Amount
January 18 January 20 January 31 $ 0.1614583
February 14 February 16 February 28 $ 0.1614583
March 20 March 22 March 31 $ 0.1614583
Total for the Quarter: $ 0.4843749
     

Series B Preferred Stock: $0.15625 cash distribution per share of the Company's 7.50% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock") for each of January, February and March, 2017, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO."  The Company has paid 123 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series B Preferred Stock distribution.
Table 4: Summary of Series B Preferred Stock cash distributions:  
Ex-Dividend Date Record Date Payment Date Amount  
January 18 January 20 January 31 $ 0.15625  
February 14 February 16 February 28 $ 0.15625  
March 20 March 22 March 31 $ 0.15625  
Total for the Quarter: $ 0.46875  
       

Series D Preferred Stock: $0.1458333 cash distribution per share of the Company's 7.0% Series D Preferred Stock ("Series D Preferred Stock") for each of January, February and March, 2017, payable per Table 5 below. The Series D Preferred Stock trades on the NASDAQ under the symbol "GOODM."  The Company has never skipped, reduced or deferred a monthly Series D Preferred Stock distribution.
Table 5: Summary of Series D Preferred Stock cash distributions:
Ex-Dividend Date Record Date Payment Date Amount
January 18 January 20 January 31 $ 0.1458333
February 14 February 16 February 28 $ 0.1458333
March 20 March 22 March 31 $ 0.1458333
Total for the Quarter: $ 0.4375
     

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Gladstone Commercial Corporation is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. Additional information can be found at www.gladstonecompanies.com.

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