Gladstone Land authorizes up to $55 million preferred stock repurchases
LAND•Management comment
CEO David Gladstone said current market conditions present an attractive entry point for preferred-share repurchases.
How the buybacks may be executed
Buybacks may be executed in the open market or via private transactions, including during trading windows or under Rule 10b5-1 plans.
The authorization runs through July 14, 2027. Purchases remain discretionary, with timing and size tied to market conditions.
Preferred stock repurchase authorization
Gladstone Land authorized up to $55 million of repurchases for its 6.00% Series B (LANDO) and 6.00% Series C (LANDP) preferred stock.
The program covers up to $20 million of LANDO repurchases and up to $35 million of LANDP repurchases.
