LANDO Gladstone Land Corporation - 6.00% Series B Cumulative Preferred Stock

Dividends on shares of the Series B Preferred Stock will accrue and be paid on the basis of a 360-day year consisting of twelve 30-day months. Dividends on outstanding shares of the Series B Preferred Stock will accrue and be cumulative from the end of the most recent dividend period for which dividends have been paid or, if no dividends have been paid, from the date of issuance. Dividends will be payable monthly in arrears, such payment date as our board of directors may designate, to holders of record as they appear in our stock records at the close of business on the applicable record date. On and after the later of (1) first anniversary of the Series B Termination Date and (2) June 1, 2022, at our sole option upon not less than 30 nor more than 60 days’ written notice, we may redeem shares of the Series B Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accumulated and unpaid dividends on such shares to, but excluding, the date fixed for redemption, without interest.   This security was issued by Gladstone Land Corporation, whose common stock symbol is LAND.

$23.80  +0.13 (0.55%)
As of 01/27/2023 09:51:54 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Real Estate
Industry:  REIT—Industrial
Index country:  USA
Country of incorporation:  USA
IPO date:  10/19/2020
Outstanding shares:  20,000,000
Average volume:  21,708
Market cap:   $472,400,000
Current dividend yield:  6.35%    calculation
Coupon rate:    6.000%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   01/01/1900
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BN44ZP8