Gladstone Land Corporation announced the redemption of all outstanding shares of its 5.00% Series D Cumulative Term Preferred Stock.
The redemption is set for January 30, 2026, at a price of $25.100695 per share.
After redemption, the Series D Preferred Stock will be delisted from trading on The Nasdaq Global Market.
Redemption Announcement
All outstanding shares of the 5.00% Series D Cumulative Term Preferred Stock will be redeemed by Gladstone Land Corporation.
Redemption Price
The redemption price per share is $25.100695, including the liquidation preference and accrued dividends.
Delisting from Nasdaq
Series D Preferred Stock will no longer be traded on The Nasdaq Global Market after the redemption.
- The redemption signifies Gladstone Land Corporation's commitment to managing its preferred stock offerings.
- Investors holding Series D Preferred Stock will receive the redemption price per share as specified in the announcement.
Gladstone Land Corporation's redemption of its Series D Preferred Stock marks a significant event in its financial strategy, aiming to streamline its capital structure and enhance shareholder value.