MCLEAN, Va., Dec. 3, 2013 /PRNewswire/ -- Gladstone Land Corporation (NASDAQ: LAND) (the "Company") announced today that its board of directors declared a one-time distribution of $0.33 per share of common stock, payable per the table below.

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To date, the Company has declared dividends of approximately $7.6 million during 2013, a portion of which relate to the $9.6 million of accumulated earnings and profits from prior years to be paid out by the end of 2013.  The dividend declared above represents the final distribution of the Company's remaining earnings and profits from prior years.  A breakout of the accumulated earnings and profits from prior years and the earnings from 2013 will be reported on a Form 1099 to be provided by the Company in January 2014.

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders.  For more information regarding the DRIP, please visit www.gladstoneland.com.

Gladstone Land Corporation is a publicly-traded agricultural real estate company that owns farmland and farm-related properties located in major agricultural markets in the United States that it leases to corporate and independent farmers.  The Company currently owns 18 farms appraised at approximately $88.9 million.  Information on the business activities of all of the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

SOURCE Gladstone Land Corporation