National Healthcare Properties received tenders for 556,049 Series A and 566,229 Series B shares in its $100 million self-tender at $22.50 per share, implying an anticipated $25.25 million aggregate repurchase. Final purchase volumes await Computershare’s verification and guaranteed delivery, after which cash payments will be issued and excess shares returned.
Upon expiration of its concurrent offers on June 16, National Healthcare Properties received valid tenders for 556,049 Series A and 566,229 Series B cumulative redeemable perpetual preferred shares. The company expects to purchase these shares at $22.50 each for a preliminary aggregate of about $25.25 million, subject to withholding taxes and without interest.
Final purchase volumes hinge on verification by Computershare, including delivery of shares within two trading days of the offer’s expiration. Thereafter, payment in cash will be issued for accepted tenders and any unpurchased shares will be returned, with final results announced following the guaranteed delivery period.
Under its existing repurchase program, National Healthcare Properties may acquire additional Series A or Series B shares beyond the current offer. Future repurchases depend on factors such as available cash, dividend schedules, financing conditions and statutory restrictions, including a ten business-day waiting period after the offer expiration.
