Gladstone Land Announces Monthly Cash Distributions for its Series D Preferred Stock for February and March 2021

Rhea-AI Summary

Gladstone Land Corporation (NASDAQ:LAND) announced cash distributions for its 5.00% Series D Cumulative Term Preferred Stock. Shareholders will receive distributions of $0.142361 per share for February, payable on February 28, 2021, for shares recorded by February 17. For March, the distribution is $0.104167 per share, payable on April 5, 2021, for shares recorded by March 25. The total cash distribution for the quarter amounts to $0.246528 per share.

Gladstone Land currently owns 137 farms across the U.S., valued at approximately $1.2 billion.

Positive

• Declared cash distributions for Series D Preferred Stock totaling $0.246528 per share for the quarter.
• Strong underlying asset base with 137 farms valued at approximately $1.2 billion.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / January 25, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today that its board of directors declared the following cash distributions for its recently issued 5.00% Series D Cumulative Term Preferred Stock ("Series D Preferred Stock") for each of February and March 2021.

Series D Preferred Stock: We have applied to list the Series D Preferred Stock on the Nasdaq Global Market under the symbol "LANDM." Cash distributions per share of Series D Preferred Stock for each of February and March 2021, are payable per the table below:

Summary of Series D Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
February 17	February 28	0.142361
March 25	April 5	0.104167
Total for the Quarter:		$ 0.246528

About Gladstone Land:

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company currently owns 137 farms, comprised of approximately 101,000 acres in 13 different states across the U.S., valued at approximately $1.2 billion. Additional information can be found at www.GladstoneFarms.com.

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

For further information: Gladstone Land Corporation, +1-703-287-5893

SOURCE: Gladstone Land Corporation

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https://www.accesswire.com/625734/Gladstone-Land-Announces-Monthly-Cash-Distributions-for-its-Series-D-Preferred-Stock-for-February-and-March-2021

FAQ

What are the cash distributions announced by Gladstone Land for February 2021?

Gladstone Land announced a cash distribution of $0.142361 per share for February 2021, payable on February 28, 2021.

When will the cash distribution for March 2021 be paid by Gladstone Land?

The cash distribution for March 2021 will be $0.104167 per share, payable on April 5, 2021.

What is the total cash distribution for Gladstone Land's Series D Preferred Stock for the quarter?

The total cash distribution for the quarter for Series D Preferred Stock is $0.246528 per share.

What is the significance of Gladstone Land's Series D Preferred Stock?

The Series D Preferred Stock offers investors a fixed cash distribution of 5.00%, providing a steady income stream.

How many farms does Gladstone Land Corporation own?

Gladstone Land owns 137 farms across 13 different states in the U.S.