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Diversified Healthcare Trust, 6.25% Senior Notes Due 2/1/2046
Ticker Symbol: DHCNL CUSIP: 81721M307 Exchange: NGS
QUANTUMONLINE.COM SECURITY DESCRIPTION: Diversified Healthcare Trust, formerly Senior Housing Properties Trust, 6.25% Senior Notes Due 2046, issued in $25 denominations, redeemable at the issuer's option on or after 2/18/2021 at $25 per share plus accrued and unpaid interest, and maturing 2/1/2046. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.39063 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Baa3 by Moody’s and BBB- by S&P at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DHC)
Notes: January 02, 2020 -- Diversified Healthcare Trust (Nasdaq: DHC) and Five Star Senior Living Inc. (Nasdaq: FVE) today announced that the previously announced restructuring of their business arrangements was completed effective January 1, 2020. Pursuant to the restructuring transaction, the five existing master leases for 166 of DHC’s senior living communities (18,676 living units) that were leased to FVE and the existing management agreements and pooling agreements between DHC and FVE for an additional 77 of DHC’s senior living communities (10,168 living units) have been terminated and replaced with new management agreements for all 243 DHC senior living communities that are operated by FVE. Also pursuant to the restructuring transaction, on January 1, 2020 FVE issued 10,268,158 of its common shares to DHC and an aggregate of approximately 16,119,560 of its common shares to DHC’s shareholders of record as of December 13, 2019. In consideration of these share issuances, DHC paid or assumed $75 million of FVE’s working capital liabilities. _________________ June 20, 2016 -- The RMR Group Inc. (RMR) today announced that the listings of the common shares, preferred shares, notes and senior notes of the real estate investment trusts and real estate operating companies it manages will transfer to the Nasdaq Stock Market from the New York Stock Exchange. The transfer includes securities issued by Five Star Quality Care, Inc. (FVE), Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR), Senior Housing Properties Trust (SNH) and TravelCenters of America LLC (TA). The securities are expected to begin trading on the Nasdaq on Friday, July 1, 2016. The ticker symbols for the issues and sub-issues will be as follows:
Five Star Quality Care, Inc.
Common = FVE
Government Properties Income Trust
Common = GOV
5.875% Senior Notes due 2046 = GOVNI (GOVN)
Hospitality Properties Trust
Common = HPT
Preferred = HPTRP (HPT-PD)
Select Income REIT
Common = SIR
Senior Housing Properties Trust
Common = SNH
5.625% Senior Notes due 2042 = SNHNI (SNHN)
6.250% Senior Notes due 2046 = SNHNL (SNHO)
TravelCenters of America LLC
Common = TA
8.25% Senior Notes due 2028 = TANNI (TANN)
8.00% Senior Notes due 2029 = TANNL (TANO)
8.00% Senior Notes due 2030 = TANNZ (TANP)
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IPO - 2/10/2016 - 10.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Previous Ticker Symbol: SNHNL Changed: 1/01/2020
Previous Name: Senior Housing Properties Trust Changed: 1/01/2020
Market Value $ Million
Click for current DHCNL price quote from the NASDAQ
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: Two Newton Place, 255 Washington Street, Suite 300, Newton, MA 02458 |
Main Phone Number |
617-796-8350 |
Fax Number |
617-796-8349 |
Investor Relations
Michael Kodesch
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617-796-8234
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Toll Free Phone Number |
Unknown |
COO - Jennifer F. Francis |
CFO - Richard W. Siedel, Jr. |
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