BuybackMay 18, 2026, 08:01 AM
National Healthcare Properties Offers to Buy Back $100M in Preferred Stock
AI Summary
National Healthcare Properties, Inc. announced concurrent tender offers to repurchase 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 A and Series B shares. The offers commence on May 18, 2026, and are set to expire on June 16, 2026, funded by available cash. Series A shares will have a higher purchase priority, and odd lot holders will also receive priority.
Key Highlights
- Offers to purchase up to $100 million of Series A and Series B Preferred Stock.
- Purchase price set at $22.50 per share for both Series A and Series B shares.
- Offers commence May 18, 2026, and expire June 16, 2026, at 5:00 p.m. NYC time.
- Series A shares have a higher purchase priority than Series B shares.
- Odd lot holders (fewer than 100 shares) receive priority within each offer.
- Company intends to pay for purchased shares using available cash.
Price Impact
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