ATLANTA, Sept. 7, 2016
/PRNewswire/-- AdCare Health Systems, Inc. (NYSE MKT: ADK),
(NYSE MKT: ADK.PRA), a self-managed healthcare real estate
investment company that invests primarily in real estate purposed
for senior living and long-term care, today announced that its
Board of Directors has declared a quarterly cash dividend on the
Company's 10.875% Series A Cumulative Redeemable Preferred Stock
("Series A Preferred Stock"), accruing from July 1, 2016 through September 30, 2016.
The dividend on the Series A Preferred Stock will be payable on
September 30, 2016 to holders of
record at the close of business on September
20, 2016. The dividend payment will be $0.68 per share, which is equivalent to an
annualized 10.875% per share of the $25.00 per share stated liquidation preference.
The Series A Preferred Stock is listed on the NYSE MKT LLC and
trades under the symbol "ADK.PRA".
The current yield on the Company's Series A Preferred Stock is
12.5% based on the closing price of $21.72 per share on September 6, 2016.
About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA)
is a self-managed healthcare real estate investment company that
invests primarily in real estate purposed for senior living and
long-term healthcare through facility lease and sub-lease
transactions. AdCare currently owns, leases or manages for third
parties 38 facilities. For more information about AdCare, visit
www.adcarehealth.com.
Important Cautions Regarding Forward-Looking
Statements
Statements contained in this press release that are not
historical facts may be forward-looking statements within the
meaning of federal law. Such statements can be identified by the
use of forward-looking terminology, such as "believes," "expects,"
"plans," "intends," "anticipates" and variations of such words or
similar expressions, but their absence does not mean that the
statement is not forward-looking. Such forward-looking statements
reflect management's beliefs and assumptions and are based upon
information currently available to management and involve known and
unknown risks, results, performance or achievements of AdCare,
which may differ materially from those expressed or implied in such
statements. Such factors are identified in the public filings made
by AdCare with the Securities and Exchange Commission, including
AdCare's Annual Report on Form 10-K for the year ended December 31, 2015, and AdCare's Quarterly Report
on Form 10-Q for the quarter ended June 30,
2016. There is no assurance that such factors or other
factors will not affect the accuracy of such forward-looking
statements. Except where required by law, AdCare undertakes no
obligation to revise or update any forward-looking statements to
reflect events or circumstances after the date of this press
release.
Company
Contacts
|
|
Investor
Relations
|
Bill
McBride
|
Allan
Rimland
|
Brett Maas
|
Chairman and
CEO
|
President and
CFO
|
Managing
Partner
|
AdCare Health
Systems, Inc.
|
AdCare Health
Systems, Inc.
|
Hayden IR
|
Tel (404)
781-2884
|
Tel (404)
781-2885
|
Tel (646)
536-7331
|
bill.mcbride@adcarehealth.com
|
allan.rimland@adcarehealth.com
|
brett@haydenir.com
|
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SOURCE AdCare Health Systems, Inc.