Gladstone Land Corp., 6.00% Series B Cumulative Redeemable Preferred Stock - anybody own this CUSI | Preferreds Message Board Posts

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Msg  358 of 374  at  7/17/2019 1:17:08 PM  by

passandshoot


 In response to msg 357 by  lumpygravy
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Re: Gladstone Land Corp., 6.00% Series B Cumulative Redeemable Preferred Stock - anybody own this CUSIP?

"I'm just wondering why Gladstone would issue such a screwy offering."
 
Because, a) they don't have to pay the expenses right now to register the offering, b) they can dribble it out as needed, and c) they can fleece buyers of the preferreds with high fees.
 
Don't let anybody tell you otherwise: Gladstone's first priority is making money for Gladstone.


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