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Gladstone Commercial files $300 million stock shelf
By Devika Patel
Knoxville, Tenn., Dec. 6 - Gladstone Commercial Corp. filed a $300 million preferred and common stock shelf registration in an S-3 filing with the Securities and Exchange Commission.
The preferred stock may be convertible.
Proceeds will be used to pay down debt, to finance acquisitions, to make mortgage loans, to reimburse the company's adviser and for general business purposes.
Gladstone Commercial is a real estate investment trust based in McLean, Va.
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