Exhibit 3.1
GLADSTONE COMMERCIAL CORPORATION
ARTICLES SUPPLEMENTARY
6.00% SERIES G CUMULATIVE REDEEMABLE PREFERRED STOCK
Gladstone Commercial Corporation, a Maryland corporation (the “Corporation”), hereby certifies to the Maryland State Department of Assessments and Taxation that:
FIRST: Under a power contained in Section 2 of Article SEVENTH of the charter of the Corporation (the “Charter”), the Board of Directors of the Corporation (the “Board of Directors”) or a duly authorized committee thereof, by resolutions duly adopted, reclassified 4,000,000 authorized but unissued shares of common stock, par value $0.001 per share (the “Common Stock”), of the Corporation as shares of a series of preferred stock, designated as 6.00% Series G Cumulative Redeemable Preferred Stock (the “Series G Preferred Stock”) with the following preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption. Capitalized terms used but not defined herein shall have the meanings given to them in the Charter.
Section 1. Number of Shares and Designation.
A series of preferred stock of the Corporation designated as the 6.00% Series G Cumulative Redeemable Preferred Stock (the “Series G Preferred Stock”) is hereby established, and the number of shares constituting such series shall be 4,000,000.
Section 2. Definitions.
“Board of Directors” shall mean the Board of Directors of the Corporation.
“Business Day” shall mean any day other than a Saturday, a Sunday or a day on which state or federally chartered banking institutions in New York, New York are not required to be open.
“Change of Control” shall have the meaning set forth in Section 6(a) hereof.
“Charter” shall mean the charter of the Corporation.
“Common Stock” shall mean the common stock, par value $0.001 per share, of the Corporation.
“Delisting Event” shall mean, after the original issuance of the Series G Preferred Stock, the following have occurred and are continuing: both (a) the shares of Series G Preferred Stock are no longer listed on the NYSE, the NYSE American or Nasdaq, or listed or quoted on an exchange or quotation system that is a successor to the NYSE, the NYSE American or Nasdaq, and (b) the Corporation is not subject to the reporting requirements of the Exchange Act, but any Series G Preferred Stock is still outstanding.
“Event” shall have the meaning set forth in Section 9(d) hereof.