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Health Care REIT, 8 7/8% Series B Cumul Redeem Preferred Stock
Ticker Symbol: HCN-B* CUSIP: 42217K205 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/15/2003
Security has been Called for: Tuesday, July 15, 2003
June 11, 2003--Health Care REIT, Inc. announced today that it has priced a public offering of 4,000,000 shares of 7.875% Series D Cumulative Redeemable Preferred Stock. The shares have a liquidation value of $25.00 per share. It is anticipated that closing and delivery will occur on or about July 9, 2003. The preferred stock, which has no stated maturity, may be redeemed by the Company at par on or after July 9, 2008. In addition, the Company announced that a portion of the proceeds from this offering will be used to redeem all 3,000,000 shares of its 8.875% Series B Cumulative Redeemable Preferred Stock (NYSE: HCN PrB, CUSIP: 42217K 205) on July 15, 2003 at a redemption price of $25.00 per share plus accrued and unpaid dividends through July 15, 2003.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Health Care REIT Inc., 8 7/8% Series B Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/01/2003 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the last day of the month previous to the payment date. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (WELL)
IPO - 5/8/1998 - 3.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $74.4 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 4500 Dorr Street, Toledo, OH 43615 |
| Main Phone Number |
419-247-2800 |
| Fax Number |
419-247-2826 |
| Investor Contact (CFO)
Scott A. Estes
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419-247-2800
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| Toll Free Phone Number |
877-670-0070 |
| CEO - George L. Chapman |
CFO - Scott A. Estes |
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