REIT Gladstone Commercial (GOOD) is calling the outstanding monthly paying 7% preferred shares (GOODM).
While this is not a huge surprise it does bring about a ‘teaching’ moment—at least for me and probably many others.
CR noted that a full call notice was received from Fidelity on this issue. This prompted a response from Rob in Vegas of “how does Fidelity learn about the full call of GOODM before Gladstone even issues a press release or files a SEC 8-K? CR responded that he/she has checked around for press releases etc. and found nothing.
From the above exchange mcg (who is knowledgeable on these things) chimed in–companies are only required to notify the depository and owners of record. Press releases and 8-k filings are NOT required, but done as a courtesy by the company.
Thanks to all who ask questions and in particular those who answer them–I made my first common stock purchase 50 years ago this fall and had not asked this question–nor did I know the answer.