Gladstone Commercial Corporation board of directors has taken what it believes is the prudent path
and reduced the run rate on its monthly dividend (from $0.1254 to
$0.10). In addition, and in support of the capital preservation effort,
the Company's investment adviser has agreed to amend the current
Advisory Agreement to waive the applicable incentive fee for the
quarters ending March 31, 2023 and June 30, 2023. Buzz Cooper, the
Company's President, stated, "We believe that the dividend cut, along
with the temporary incentive fee waiver, will help the Company to
maintain a strong balance sheet in 2023."
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