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Gladstone Land down 4% on share sale

Mar. 26, 2018 4:19 PM ETGladstone Land Corporation (LAND) StockBy: Omer I., SA News Editor16 Comments
  • Gladstone Land Corporation (NASDAQ:LAND) announces plans to sell common shares in a public offering to pay down debt, and fund future property acquisitions.
  • Janney Montgomery Scott is acting as sole book-running manager for the offering, and Gladstone will grant the underwriter a 30-day option for additional shares in order to cover over-allotments.
  • Shares of Gladstone Land are down 4% after hours
  • Source: Press Release

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