Gladstone Series C Preferred

Gladstone is a publicly-traded agricultural real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the United States. Gladstone Land is not a grower but is only a landlord, leasing its farms to corporate and independent farmers. As of June 8, 2020, Gladstone Land owned 115 farms, comprised of approximately 89,000 acres in 10 different states across the U.S., valued at approximately $909 million.

Offering Overview

A continuous public offering of up to 20,000,000 shares of its newly-designated 6.00% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) is offered at a price of $25.00 per share, and up to 6,000,000 shares of Series C Preferred Stock pursuant to a dividend reinvestment plan at a price of $22.75 per share to those stockholders who participate in such dividend reinvestment plan.

Gladstone Commercial Series F Preferred

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2020, Gladstone Commercial’s real estate portfolio consisted of 122 properties located in 28 states, totaling approximately 15.1 million square feet.

Offering Overview

A continuous public offering of up to 20,000,000 shares of its newly-designated 6.00% Series F Cumulative Redeemable Preferred Stock (the “Series F Preferred Stock”) is offered at a price of $25.00 per share, and up to 6,000,000 shares of Series F Preferred Stock pursuant to a dividend reinvestment plan at a price of $22.75 per share to those stockholders who participate in such dividend reinvestment plan.

GLADSTONE INVESTMENT

Gladstone Investment 6.00% Notes Offering

Founded in 2005, Gladstone Investment Corporation (Nasdaq: GAIN) is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. As a publicly-traded business development company, GAIN provides both equity and debt capital, which greatly increases certainty and speed of closing to its target portfolio companies.

Offering Overview

A continuous public offering of up to $350 million of its 6.00% Notes due 2040 at an offering price of $25.00 per share.

The Gladstone Companies 7% Senior Secured Bonds

The Gladstone Companies are a family of investment funds, headquartered in the Washington, DC area, that provide financing to and acquire lower middle market companies, acquire commercial real estate and farmland nationwide, and pay monthly cash distributions.

Offering Overview

The Gladstone Companies, Inc. is offering a maximum of $50,000,000 in the aggregate of its 6.0% senior secured bonds, or the “Bonds,” pursuant to this offering circular.

Timbrel Capital, LLC (Timbrel) is the distributor and national accounts manager for Gladstone Securities, Inc. Timbrel is not affiliated with Gladstone Securities, Inc.

  1. The offerings are not listed on any national exchange. The risks and rewards of investing in the offerings are separate and distinct from an investment in the common stock.
  2. Investments in the offerings involve risk. Please see the “risk factors” sections of the respective Prospectus Supplement and the accompanying Prospectus for a discussion of material risks.
  3. This is neither an offer to sell nor a solicitation of an offer to buy any securities, which can be made only by the Prospectus. A copy of the Prospectus Supplement and the accompanying Prospectus must be made available to you in connection with each offering. Please read them carefully before investing.
  4. Retail investors should consult with their financial advisors to determine if an investment in the offerings might be suitable for their investment portfolios.