Washington Business Journal - September 9, 2010
McLean-based investment company Gladstone Commercial Corp. registered $300 million in securities Thursday.
The registration allows Gladstone Commercial, part of David Gladstone’s family of companies, to issue from time to time common stock, senior common stock, preferred stock, debt securities, depositary shares and subscription rights. Any proceeds from the sales would be used for general corporate purposes, the company said in a securities filing.
Gladstone Commercial (NASDAQ: GOOD) primarily invests in net-leased industrial and commercial real estate property and long-term industrial and commercial mortgages. It has $411.2 million in assets and posted a $17,361 net loss available to common shareholders in the second quarter.
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