Published: August 31, 2010
Health Care REIT, Inc. Calls Series G Preferred Stock for Redemption
TOLEDO, Ohio - (BUSINESS WIRE) - Health Care REIT, Inc. (NYSE:HCN) today announced plans to redeem
all 313,972 shares of its 7.5% Series G Cumulative Convertible
Redeemable Preferred Stock (NYSE: HCN PrG, CUSIP: 42217K 502) on
September 30, 2010 at a redemption price of $25.00 per share plus
accrued and unpaid dividends through September 30, 2010. The Notice of
Redemption was mailed to holders of record of the Series G Preferred
Stock on August 31, 2010. Questions related to the Notice of Redemption
should be directed to the redemption agent, BNY Mellon Shareowner
Services, Attn: Corporate Action Dept., 27th Floor, 480 Washington
Boulevard, Jersey City, NJ 07310 or by calling 1-800-777-3674.
Holders of the Series G Preferred Stock may exercise their conversion
rights until the close of business on September 30, 2010. The shares of
Series G Preferred Stock are convertible into common shares of the
company at a rate of 0.7157 shares of Series G Preferred Stock per
common share. BNY Mellon Shareowner Services serves as the conversion
agent for the Series G Preferred Stock. Any questions relating to
conversions should be directed to BNY Mellon Shareowner Services at the
address and telephone number provided above.
About Health Care REIT.
Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo,
Ohio, is a real estate investment trust that invests across the full
spectrum of senior housing and health care real estate. The company also
provides an extensive array of property management and development
services. As of June 30, 2010, the company's broadly diversified
portfolio consisted of 625 properties in 39 states. More information is
available on the company's website at www.hcreit.com.
This document may contain "forward-looking" statements as defined in the
Private Securities Litigation Reform Act of 1995. When the company uses
words such as "may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and uncertainties.
The company's expected results may not be achieved, and actual results
may differ materially from expectations. This may be a result of various
factors, including, but not limited to, the completion of the redemption
as and when anticipated by the company. Additional factors are discussed
in the company's Annual Report on Form 10-K and in its other reports
filed from time to time with the Securities and Exchange Commission. The
company assumes no obligation to update or revise any forward-looking
statements or to update the reasons why actual results could differ from
those projected in any forward-looking statements.
Health Care REIT, Inc.
Scott Estes, 419-247-2800
Mike
Crabtree, 419-247-2800
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