Issuer: | Gladstone Commercial Corporation |
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Security: | 7.5% Series B Cumulative Redeemable Preferred Stock, par value $0.001
per share (Series B) |
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CUSIP: | 376536 30 6 |
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Offering Size: | 1,000,000 shares Over-Allotment Option: 150,000 shares |
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Type of Security: | SEC Registered Registration Statement No. 333-128783 |
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Underwriting Discount: |
4% |
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Underwriters: | Ferris, Baker Watts, Incorporated |
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Robert W. Baird & Co. |
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J.J.B. Hilliard, W.L. Lyons, Inc. |
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Dividend Rate: | Investors will be entitled to receive preferential cumulative cash
dividends on the Series B at a rate of 7.5% per annum of the $25.00
per share liquidation preference (equivalent to $1.875 per annum per
share). |
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Redemption: | We may not redeem the Series B Preferred Stock prior to October 31,
2011, except in limited circumstances relating to our continuing
qualification as a REIT. On and after October 31, 2011, we may, at our
option, redeem the Series B Preferred Stock, in whole or in part, at
any time or from time to time, by payment of $25.00 per share, plus
any accumulated and unpaid dividends to and including the date of
redemption. |
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Where Prospectus Supplement May Be Obtained: |
A copy of the preliminary prospectus supplement and accompanying
prospectus may be obtained from your account representative at Ferris,
Baker Watts, Incorporated or via the SECs web site at
http://www.sec.gov. |