NHP Declares Quarterly Cash Dividends on Common Stock and Series B Preferred Stock
July 28 2009 - 4:16PM
PR Newswire (US)
NEWPORT BEACH, Calif., July 28 /PRNewswire-FirstCall/ -- Nationwide
Health Properties, Inc. (NYSE:NHP) announced today that our Board
of Directors declared a $0.44 per share dividend on our common
stock that will be paid on September 4, 2009 to shareholders of
record on August 14, 2009. In addition, our Board of Directors
declared a $1.9375 per share dividend on our Series B cumulative
convertible preferred stock that will be paid on September 30, 2009
to shareholders of record on September 15, 2009. Nationwide Health
Properties, Inc. is a real estate investment trust (REIT) that
invests primarily in healthcare real estate in the United States.
As of March 31, 2009, the Company's portfolio of properties,
including mortgage loans and properties owned by unconsolidated
joint ventures, totaled 579 properties among the following
segments: 279 senior housing facilities, 200 skilled nursing
facilities, 82 medical office buildings, 11 continuing care
retirement communities and 7 specialty hospitals. For more
information on Nationwide Health Properties, Inc., visit our
website at http://www.nhp-reit.com/. Certain information contained
in this news release includes forward-looking statements.
Forward-looking statements include statements regarding our
expectations, beliefs, intentions, plans, objectives, goals,
strategies, future events or performance and underlying assumptions
and other statements which are not statements of historical facts.
These statements may be identified, without limitation, by the use
of forward-looking terminology such as "may," "will,"
"anticipates," "expects," "believes," "intends," "should" or
comparable terms or the negative thereof. All forward-looking
statements included in this news release are based on information
available to us on the date hereof. These statements speak only as
of the date hereof, and we assume no obligation to update such
forward-looking statements for any reason or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future. These statements involve risks and
uncertainties that could cause actual results to differ materially
from those described in the statements. These risks and
uncertainties include (without limitation) the following:
deterioration in the operating results or financial condition,
including bankruptcies, of our tenants; non-payment or late payment
of rent, interest or loan principal amounts by our tenants; our
reliance on two tenants for a significant percentage of our
revenues; occupancy levels at certain facilities; our level of
indebtedness; changes in the ratings of our debt securities; access
to the capital markets and the cost of capital; government
regulations, including changes in the reimbursement levels under
the Medicare and Medicaid programs; the general distress of the
healthcare industry; increasing competition in our business sector;
the effect of economic and market conditions and changes in
interest rates; the amount and yield of any additional investments;
our ability to meet acquisition goals; the ability of our tenants
to pay contractual rent and/or interest escalations in future
periods; the ability of our tenants to obtain and maintain adequate
liability and other insurance; our ability to attract new tenants
for certain facilities; our ability to sell certain facilities for
their book value; our ability to retain key personnel; potential
liability under environmental laws; the possibility that we could
be required to repurchase some of our senior notes; the rights and
influence of holders of our outstanding preferred stock; changes in
or inadvertent violations of tax laws and regulations and other
factors that can affect real estate investment trusts and our
status as a real estate investment trust; and the risk factors
described in our most recent annual report on Form 10-K and any
subsequent quarterly reports on Form 10-Q filed with the SEC.
Contact: Abdo H. Khoury Chief Financial and Portfolio Officer (949)
718-4400 DATASOURCE: Nationwide Health Properties, Inc. CONTACT:
Abdo H. Khoury, Chief Financial and Portfolio Officer of Nationwide
Health Properties, Inc., +1-949-718-4400 Web Site:
http://www.nhp-reit.com/
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