Friday, Nationwide Health Properties Inc. (NHP) redeemed all of its outstanding shares of 7.75% Series B Cumulative Convertible Preferred Stock on January 18, 2010 at a redemption price per share of $103.875 plus an amount equal to accumulated and unpaid dividends thereon to the redemption date, for a total redemption price of $104.2625 per share. The redemption price is payable only in cash.
As a result of the redemption, the Series B Preferred Stock will be convertible into shares of NHP common stock until the close of business on January 14, 2010. Each share of Series B Preferred Stock may be converted into 4.515 shares of NHP common stock through BNY Mellon Shareowner Services at the address below.
Nationwide Health Properties Inc. operates as a real estate investment trust that invests primarily in healthcare-related senior housing and long-term care facilities in the United States.
For comments and feedback: editorial@rttnews.com