Gladstone Land Corporation 6.375% Series A Cumulative Term Preferred Stock
By: Tim McPartland,
Date Issued 8/11/2016
Shares Offered 1,000,000 Overallotment Shares 150,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol LANDP OTC Ticker GLLTP
Market Traded ON NASDAQ
Dividend Payment Paid on the last day of the month beginning on 9/30/2016
Monthly Dividend .133 Annual Dividend 1.594
Securities may be redeemed, at the issuers option, as early as 09/30/2018 the call price is $25 plus accrued dividends.
Dividend Payment Will NOT BE Qualified Distributions. Preferred stock dividends of REITs are not eligible for the qualified tax rate.
Maturity Date (Mandatory Redemption Date) 9/30/2021