other material
confidence high
sentiment positive
materiality 0.50
Gladstone Commercial authorizes $20M repurchase of Series E and Series G preferred stock
GLADSTONE COMMERCIAL CORP
- Board authorizes up to $20M repurchase of 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN).
- Board also authorizes up to $20M repurchase of 6.00% Series G Cumulative Redeemable Preferred Stock (GOODO).
- Authorization expires December 6, 2023; repurchases via open market or private transactions.
- Company cites attractive buying opportunity due to market volatility; program can be suspended anytime.