NEWPORT BEACH, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc. (NYSE: NHP) announced today that our Board of Directors declared a $0.44 per share dividend on our common stock that will be paid on December 5, 2008 to shareholders of record on November 14, 2008.
In addition, our Board of Directors declared a $1.9375 per share dividend on our Series B cumulative convertible preferred stock that will be paid on December 31, 2008 to shareholders of record on December 15, 2008.
Nationwide Health Properties, Inc. is a real estate investment trust that invests in healthcare facilities and has investments in 580 facilities in 43 states. For more information on Nationwide Health Properties, Inc., visit our 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 tenants 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 tenants to repay straight-line rent or loans in future periods; the
ability of our tenants to obtain and maintain adequate liability and other
insurance; our ability to attract new tenants 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 senior
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.
Abdo H. Khoury
Chief Financial and Portfolio Officer
|SOURCE Nationwide Health Properties, Inc.|
Copyright©2008 PR Newswire.
All rights reserved