Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Gladstone Land Corporation : Prices Initial Public Offering

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/01/2013 | 04:41pm CET
Gladstone Land Prices Initial Public Offering McLean, VA - January 28, 2013 - Gladstone Land Corporation (NASQAQ: LAND) today announced the pricing of its initial public offering of 3,333,334 shares of common stock at a price to the public of $15.00 per share. The shares are expected to begin trading on The NASDAQ Global Market under the ticker symbol "LAND" on Tuesday, January 29, 2013. All of the shares are being offered by Gladstone Land. In addition, Gladstone Land has granted the underwriters a 30-day option to purchase an aggregate of up to an additional 500,000 shares at the initial public offering price, less underwriting discounts and commissions, to cover over-

allotments. Gladstone Land expects to receive net proceeds of approximately $45.3 million from the offering and intends to use the net proceeds to buy farms and farm-related properties and to use the balance for other general corporate purposes.
Janney Montgomery Scott LLC is acting as sole book runner for the initial public offering. JMP Securities LLC is acting as co-lead manager, and J.J.B. Hilliard, W.L. Lyons, LLC, Ladenburg Thalmann & Co. Inc., Maxim Group LLC, National Securities Corporation, Sidoti & Company, LLC, Dominick & Dominick LLC, Boenning & Scattergood, Inc. and Southwest Securities, Inc. are acting as co-managers for the initial public offering.
The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained from the offices of Janney Montgomery Scott LLC, Attention: Equity Capital Markets Group, 60 State, 35th Floor, Boston, MA 02109, or by email at prospectus@janney.com.
A registration statement relating to these securities has been filed with the Securities and
Exchange Commission and was declared effective on January 28, 2013.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gladstone Land Corporation

Gladstone Land Corporation is an externally-managed real estate company formed to invest in farmland located in major agricultural markets throughout the United States. It invests in farmland predominantly concentrated in locations where tenants are able to grow annual row crops such as berries, lettuce and melons, among others, which are planted and harvested annually or more frequently. It also acquires property related to farming, such as storage facilities utilized for cooling crops, processing plants, packaging buildings and distribution

545727 v7/RE

centers. It currently owns twelve farms, leased to six separate corporate and independent farmer tenants, in California and Florida.
Source: Gladstone Land Corporation
For further information please visit the website at www.gladstoneland.com or contact Gladstone
Land Corporation investor relations at +1-703-287-5893

545727 v7/RE

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:52a DIMINISHING CITY : hope, despair and Whyalla
03:52a MONEX : Reports Monthly Consolidated Financial Results (IFRS)
03:52a MINISTRY OF FOREIGN AFFAIRS AND TRADE OF REPUB : Foreign Minister Meets with EU’s High Representative for Forei...
03:51a Diamond Resorts Reviews - Exploring California's Palm Desert
03:47a APO ASIAN PRODUCTIVITY ORGANIZATION : promotes sustainable productivity in Africa
03:47a VERIZON COMMUNICATIONS : Don’t break-up over screen cracks! Get back together with your phone and get same-day repairs from Verizon
03:47a BUKIT SEMBAWANG ESTATES : Disclosure of Interest/Changes in Interest of Substantial Shareholder(s)/Unitholder(s)
03:47a CHANGE – CHANGE IN CORPORATE INFORMATION : Members’ Voluntary Winding Up of Subsidiaries
03:46aDJSM PRIME : 2016 Net Profit PHP23.8 Billion, Up 14% On Year
03:42a CHALICE GOLD MINES : 21/02/2017 - Change in substantial holding for OKU
Latest news
Advertisement
Hot News 
-32.07%Interserve shares slump on higher energy-from-waste exit cost
-12.78%WORLEYPARSONS : CEO Eyes US Oil Sector Turnaround -- Update
-6.56%Unilever PLC Statement re Possible Offer
-4.95%GEMFIELDS : says India's demonetisation drive to hurt full year results
1.96%BANK OF COMMUNICATIONS : China Regulator Has No Objection to Planned Spinoff of Bocom International
Most Read News
07:32pDJFailed $143 Billion Deal Raises Pressure on Unilever, Kraft
09:32p Collapse of Kraft-Unilever tie-up extends run of failed mega-deals
06:32p SAVILLS : Hawthorn Apartment Block is Fully Leased
06:52p CONNEXION MEDIA : 20/02/2017 – Connexion Reaches Gold Status as a Microsoft Partner
08:35pDJUNITED OVERSEAS BANK : Plan to Issue S$750 Million 3.50% Notes Due 2029
Most recommended articles
09:46pDJSM PRIME : 2016 Net Profit PHP23.8 Billion, Up 14% On Year
09:32p Collapse of Kraft-Unilever tie-up extends run of failed mega-deals
09:28pDJCBS : Simon & Schuster Cancels Publication of Milo Yiannopoulos Book
08:58p Toshiba seeking $8.8 billion for majority stake in chip unit
08:47p Toshiba seeking $8.8 billion for majority stake in chip unit - source