Gladstone Commercial 7% Series D Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 5/25/2016
Shares Issued 1.043,725 Overallotment None
S&P Rating NR Moodys Rating NR
Security Ticker Symbol GOODM
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 06/30/2016
Monthly Dividend .146 Annual Dividend 1.75
Securities may be redeemed, at the issuers option, as early as 05/25/2021 for $25 plus accrued dividends.
Dividend Payment Will NOT BE Qualified Distributions. Preferred stock dividends of Real Estate Investment Trusts (REITs) are not eligible for the qualified tax rate. Because the REIT generally pays no federal taxes (if they follow the rules) there is no incremental tax break for the individual holders.
Maturity Date None