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REIT Gladstone Commercial Approves Preferred Shares Buyback

REIT Gladstone Commercial (GOOD) has approved up to $20 million in buybacks of their preferred shares through open market transactions. Both of their issues are trading $5/share below liquidation value ($25s/share).

The press release is here.

The 2 outstanding issues can be found here. There are about 6.5 million shares outstanding in total.

StackingNickels had this in ‘reader alerts’ comments very early today.

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