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Gladstone Land Corporation 5% Series D Cumulative Term Preferred Stock

If the shares are not redeemed by 1/31/2026 the coupon moves to 8% until redeemed

Ticker: LANDM

Parent Ticker: LAND

OTC Grey Market Temporary Ticker: NA

Issuance Date: 01/13/2021

1st Call Date: 01/31/2023

Maturity Date: 01/31/2026

Shares Issued: 2,100,000

Overallotment Shares: 315,000

Coupon: 5.00%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.104

Payment Months: Pays Every Month

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: NR

Fitch Rating: NR