Gladstone land corporation announces conditional optional redemption of all outstanding shares of its series a preferred stock

Mclean, va / accesswire / january 12, 2021 / gladstone land corporation (nasdaq:land) (the "company"), today announced the conditional optional redemption of all of the outstanding shares of its 6.375% series a cumulative term preferred stock, par value $0.001 per share (the "series a preferred stock"). the optional redemption is contingent upon the closing of an offering of the company's series d cumulative term preferred stock on or prior to february 11, 2021, with net proceeds to the company sufficient to effect the redemption of the series a preferred stock.
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