Gladstone call on preferred A and B shares
Preferred B shares listed in my account with symbol GOODO.
MCLEAN, Va., Sept. 25, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the “Company”) today announced the conditional, optional redemption of first, all outstanding shares of its $25.0 million 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), and second, all outstanding shares of its $31.6 million 7.5% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”). These optional redemptions are contingent upon the closing of an offering of a new series of cumulative redeemable preferred stock on or prior to October 23, 2019, with net proceeds to the Company sufficient to effect the redemptions. The Company may waive the contingencies with respect to the redemptions of one or both series, may authorize partial redemptions of one or both series and may cancel any redemptions at its sole discretion.
Notices of redemption on a conditional basis will be sent and publicized with respect to both the Series A Preferred Stock and Series B Preferred Stock, each with a conditional redemption date of October 28, 2019 at a redemption price of $25.00 per share plus all accrued and unpaid dividends through such redemption date.