SAN DIEGO, Feb. 9, 2010 (GLOBE NEWSWIRE) — Priority Capital Group and Pacific Office Properties Trust, Inc. (NYSE Amex:PCE) today announced commencement of the public offering of $400 million of Pacific Office senior common stock. The senior common stock, priced at $10 per share, offers a cumulative dividend of 7.25%, declared daily and paid monthly, plus the potential for dividend increases that are triggered by increases in the Pacific Office listed common stock dividend.
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Priority Capital Group Announces Pacific Office Properties Senior Common Stock
MCLEAN, Va., Nov. 23, 2009 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (Nasdaq:GOOD) (the “Company”) announced today that it plans to commence a continuous private offering pursuant to which a dealer manager (the “Dealer Manager”) may enter into agreements with participating broker-dealers whereby the Company may issue a maximum of 3,333,333 shares of its senior common stock (the “Senior Common Stock”) at $15.00 per share. The offering of Senior Common Stock will be made on a “best efforts” basis by the Dealer Manager, which means that the participating broker-dealers will only be required to use their best efforts to sell the shares and will have no firm commitment or obligation to purchase any of the shares. The Company will also offer up to 500,000 shares of Senior Common Stock at $15.00 per share pursuant to a distribution reinvestment plan to those purchasers of Senior Common Stock who elect to participate in the plan. The net proceeds from the sale of the Senior Common Stock will be used for investment in additional properties and mortgage loans, to repay indebtedness, to potentially purchase shares of the Company’s preferred stock on the open market, or other general corporate purposes.
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Gladstone Commercial Corporation Announces Its Intention to Sell Up to $50 Million in Senior Common Stock
