Gladstone Land Corporation 6.375% Series A Cumulative Term Preferred Stock

By: ,

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


Company Investor Relations Page for Gladstone Land

Click here to find the offering Prospectus and/or Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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