Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Cash Distributions for January, February and March

MCLEAN, Va., Jan. 11, 2011 /PRNewswire/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:

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$0.125 per common share for each of the months January, February and March of 2011, payable per Table 1 below.

Table 1: Summary of Common Stock cash distributions for the quarter ending March 31, 2011:

$0.0875 for the Company's Senior Common Stock for each of the months of January, February and March of 2011, payable per Table 2 below.

Table 2: Summary of Senior Common Stock cash distributions for the quarter ending March 31, 2011:

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of January, February and March of 2011. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below.

Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending March 31, 2011:

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of January, February and March of 2011. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below.

Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending March 31, 2011:

The Company offers a dividend reinvestment plan (the "DRIP") to its shareholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Gladstone Commercial Corporation is a publicly-traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Information on the business activities of all the Gladstone Funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone Funds, please visit www.gladstone.com.

SOURCE Gladstone Commercial Corporation