NEWPORT BEACH, Calif., May 2 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc.'s (NYSE: NHP) Board of Directors declared today a $0.44 per share regular dividend on its common stock that will be paid on June 6, 2008 to shareholders of record on May 16, 2008.
In addition, NHP's Board of Directors declared cash dividends of $1.9375 per share on its Series B cumulative convertible preferred stock. The Series B dividend will be paid on June 30, 2008 to stockholders of record on June 15, 2008.
Nationwide Health Properties, Inc. is a real estate investment trust that invests in health care facilities and has investments in 555 facilities in 43 states. For more information on Nationwide Health Properties, Inc., visit the Company's 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
by our tenants; our reliance on two operators 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 operators to repay deferred rent or loans in future periods; the
ability of our operators to obtain and maintain adequate liability and
other insurance; our ability to attract new operators 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 medium-term 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
|SOURCE Nationwide Health Properties, Inc.|
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