Gladstone Land amends advisory agreement, increases base management fee from 0.50% to 0.60% annual rate

GLADSTONE LAND Corp

Base Management Fee raised to 0.60% (0.15% quarterly) of prior quarter's Gross Tangible Real Estate, effective Q3 2021.
Previous fee was 0.50% annual rate; all other terms of the advisory agreement remain unchanged.
Amendment approved unanimously by the board, including independent directors.
Fifth Amended and Restated Investment Advisory Agreement dated July 13, 2021, with Gladstone Management Corporation.

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