other material
confidence high
sentiment neutral
materiality 0.60
Gladstone Commercial declares Q3 distributions; adviser waives incentive fees for H2 2023
GLADSTONE COMMERCIAL CORP
- Monthly common stock distribution $0.10 per share for July, August, September 2023, unchanged.
- Adviser amended agreement to waive incentive fees for quarters ending Sep 30 and Dec 31, 2023.
- Preferred distributions: Series E $0.138021, Series F & G $0.125 per month; all unchanged.
- Q2 2023 earnings to be reported after market close Aug 8; conference call Aug 9 at 8:30 a.m. ET.
- Board cites economic headwinds; incentive fee waiver aims to preserve capital and maintain balance sheet.