BuybackMay 18, 2026, 08:36 AM
National Healthcare Properties Announces $100M Preferred Stock Tender Offer
AI Summary
National Healthcare Properties, Inc. announced concurrent tender offers to purchase up to $100 million of its 7.375% Series A and 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock. The company is offering $22.50 per share for both series. The offers commenced on May 18, 2026, and are set to expire on June 16, 2026, with Series A shares having a higher purchase priority and odd lots prioritized within each series. The company intends to fund the purchases with available cash.
Key Highlights
- National Healthcare Properties announced concurrent tender offers for Series A and Series B Preferred Stock.
- The company plans to purchase up to a maximum aggregate of $100 million of preferred stock.
- The purchase price is $22.50 per share for both 7.375% Series A and 7.125% Series B Preferred Stock.
- The offers commenced on May 18, 2026, and are set to expire on June 16, 2026.
- Series A shares will have a higher purchase priority over Series B shares.
- Holders of fewer than 100 shares (odd lots) will receive priority within each offer.
- The company intends to fund the share purchases using available cash.
Price Impact
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