Healthcare Trust Announces Preferred Stock Dividends

Rhea-AI Summary

Healthcare Trust, Inc. (Nasdaq: HTIA / HTIBP) announced on September 23, 2022, its intention to continue paying dividends quarterly on its preferred stocks. The 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock will pay dividends at an annualized rate of $1.84375 per share, equivalent to $0.4609375 quarterly, with payments due on October 17, 2022. Similarly, the 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock will pay at an annualized rate of $1.78125 per share, or $0.4453125 quarterly, also payable on October 17, 2022.

Positive

• Continued payment of quarterly dividends enhances investor confidence.
• Stable dividend rates of 7.375% and 7.125% support income for shareholders.

Negative

• Potential market conditions and capital availability may hinder future acquisitions.
• Risks associated with inflation and geopolitical instability could impact financial performance.

NEW YORK, Sept. 23, 2022 /PRNewswire/ -- Healthcare Trust, Inc. (Nasdaq: HTIA / HTIBP) ("HTI") announced today that it intends to continue to pay dividends on a quarterly basis on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") at an annualized rate of $1.84375 per share or $0.4609375 per share on a quarterly basis. Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15^th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, HTI declared a dividend of $0.4609375 per share of Series A Preferred Stock payable on October 17, 2022 to Series A Preferred Stock holders of record at the close of business on October 7, 2022.

In addition, HTI announced today that it intends to continue to pay dividends on a quarterly basis on its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") at an annualized rate of $1.78125 per share or $0.4453125 per share on a quarterly basis. Dividends on the Series B Preferred Stock are payable in arrears to Series B Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, HTI declared a dividend of $0.4453125 per share of Series B Preferred payable on October 17, 2022 to Series B Preferred Stock holders of record at the close of business on October 7, 2022.

About Healthcare Trust, Inc.

Healthcare Trust, Inc. ( Nasdaq: HTIA/HTIBP) is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing and medical office buildings, located in the United States. Additional information about HTI can be found on its website at www.healthcaretrustinc.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of HTI's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the impact of inflation on the Company and its costs and expenses, (b) the potential adverse effects of (i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and other countries, as well as other public and private actors and companies, and the related impact on HTI, HTI's tenants, HTI's operators and the global economy and financial markets, and (c) that any potential future acquisition is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all, as well as those risks and uncertainties set forth in the Risk Factors section of HTI's Annual Report on Form 10-K for the year ended December 31, 2021 filed on March 18, 2022, and all other filings with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated from time to time in HTI's subsequent reports. Further, forward looking statements speak only as of the date they are made, and HTI undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law.

Contact

Investors and Media:
Email: investorrelations@ar-global.com
Phone: (866) 902-0063

View original content to download multimedia:https://www.prnewswire.com/news-releases/healthcare-trust-announces-preferred-stock-dividends-301631414.html

SOURCE Healthcare Trust, Inc.

FAQ

What is the dividend amount for Series A Preferred Stock of HTIA?

The dividend amount for Series A Preferred Stock is $0.4609375 per share.

When will the dividends for Series A and B Preferred Stock be paid?

Dividends for both Series A and B Preferred Stock will be paid on October 17, 2022.

What is the annualized dividend rate for Series B Preferred Stock?

The annualized dividend rate for Series B Preferred Stock is $1.78125 per share.

What are the record dates for the dividends?

The record dates for the dividends are October 7, 2022, for both Series A and B Preferred Stock.

How does inflation impact Healthcare Trust, Inc.?

Inflation may increase costs and expenses, potentially affecting overall financial performance.