QUANTUMONLINE.COM SECURITY DESCRIPTION:  Welltower, Inc., formerly Health Care REIT, Inc., 6.50% Series I Cumulative Convertible Perpetual Preferred Stock, liquidation preference $50 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Cumulative distributions of 6.50% ($3.25) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date of 12/31, 3/31, 6/30 & 9/30 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 0.8460 common shares of Wellspring Inc. (NYSE: HCN), an initial conversion price of $59.10 per common share. On or after 4/20/2018, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the 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 convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	6.50% $3.25	$50.00 n.a.	4/20/2018 None	Baa3 BB+ 3/24/2016	0.8460 $59.10	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  Feb. 21, 2019 -- Welltower Inc. announced today that it has elected to effect the conversion of all of its outstanding Series I Cumulative Convertible Perpetual Preferred Stock into the Company's common stock (NYSE: WELL) pursuant to the terms of the Convertible Preferred Stock. On February 20, 2019 the daily volume-weighted average price of the Common Stock was $75.7962, which marked the 20th trading day in the previous 30 consecutive trading days that the volume-weighted average price of the Common Stock was above $73.54 (which is equal to 130% of the applicable conversion price for the Convertible Preferred Stock), triggering the right of the Company to elect to mandatorily convert all shares of Convertible Preferred Stock into shares of Common Stock in accordance with the terms of the Convertible Preferred Stock. The conversion will be effective on February 28, 2019. On the Mandatory Conversion Date, each share of Convertible Preferred Stock will be converted into 0.8839 shares of Common Stock. Cash will be paid in lieu of fractional shares of Common Stock. No action by holders of the Convertible Preferred Stock is required. There are currently 13,721,298 shares of Convertible Preferred Stock outstanding, all of which will be converted to Common Stock on the Mandatory Conversion Date. Upon conversion at the close of business on the Mandatory Conversion Date, the Convertible Preferred Stock will no longer be outstanding and all rights with respect to the Convertible Preferred Stock will cease and terminate, except the right to receive the number of whole shares of Common Stock issuable upon conversion of the Convertible Preferred Stock and any required cash-in-lieu of fractional shares. Following the conversion, the Convertible Preferred Stock will be delisted from trading on NYSE. Following the Mandatory Conversion Date, the holders of the Convertible Preferred Stock will not be entitled to receive any dividends on their converted shares of Convertible Preferred Stock.

Company's Online Information Links

HOME PAGE:     http://www.welltower.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases (Website programming precludes a direct News Page link.)	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Inv Rel Email Address	jgoodey@welltower.com
General Email Address	info@welltower.com

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)   John Goodey	419-247-2800
Toll Free Phone Number	877-670-0070

CEO - Thomas J. DeRosa

CFO - John Goodey