Current Report Filing (8-k)
August 24 2020 - 4:32PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 18, 2020
GLOBAL
HEALTHCARE REIT, INC.
(Exact
Name of Registrant as Specified in its Charter)
Utah
|
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0-15415
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87-0340206
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(State
or other jurisdiction
of
incorporation)
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Commission
File
Number
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(I.R.S.
Employer
Identification
number)
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6800
N. 79th St., Ste. 200, Niwot, CO 80503
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (303) 449-2100
(Former
name or former address, if changed since last report)
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each Class
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Trading
Symbol
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Name
of each exchange on
which registered
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N/A
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N/A
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
[ ]
On
August 18, 2020, Global Healthcare REIT’s (the “Company”) Board of Directors approved the repurchase of 443,431
shares of common stock for $75,385 or $0.17 per share in a privately negotiated transaction. The Company intends to cancel the
repurchased shares so they are no longer outstanding.
“Despite
uncertainty surrounding nursing homes amidst the Covid-19 virus, we believe the market price for our stock is significantly undervalued,”
stated Zvi Rhine, Global’s President and Chief Financial Officer. “We continue to refine our capital allocation priorities
as our cash flow continues to improve. However, our first priority is to maintain adequate cash and flexibility to properly support
our growing healthcare service business.”
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
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Global Healthcare REIT, Inc.
(Registrant)
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Dated: August 24, 2020
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/s/
Zvi Rhine
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Zvi
Rhine, President
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