Healthcare Trust Announces Series A Preferred Stock Dividend

Rhea-AI Summary

Healthcare Trust, Inc. (Nasdaq: HTIA) announced a quarterly dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend, representing an annualized rate of $1.84375 per share, will be paid on October 15, 2020 to stockholders of record by October 5, 2020. The company continues to focus on expanding its portfolio of healthcare real estate across the United States, despite potential risks related to the ongoing COVID-19 pandemic, which may affect financial performance.

Positive

• Quarterly dividend declared at $0.4609375 per share
• Annualized dividend rate of $1.84375 per share
• Stable income for shareholders

Negative

• Potential risks from ongoing COVID-19 pandemic affecting operations
• Uncertainties regarding future rent collections

NEW YORK, Sept. 25, 2020 /PRNewswire/ -- Healthcare Trust, Inc. (Nasdaq: HTIA) ("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 15, 2020 to Series A Preferred Stock holders of record at the close of business on October 5, 2020.

About Healthcare Trust, Inc.

Healthcare Trust, Inc. (Nasdaq: HTIA) 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 "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would" 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 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 the potential adverse effects of the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, on HTI, HTI's tenants, HTI's operators and the global economy and financial markets and that the information about rent collections may not be indicative of any future period, 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, 2019 filed on March 24, 2020, HTI's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 filed on May 15, 2020, HTI's Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 filed on August 14, 2020, HTI's Registration Statement on Form S-11 filed with the SEC on September 15, 2020 and all other filings with the SEC 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

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SOURCE Healthcare Trust, Inc.

FAQ

What is the dividend amount for Healthcare Trust, Inc. for October 2020?

The dividend amount is $0.4609375 per share, payable on October 15, 2020.

When is the record date for the dividend payment of HTIA?

The record date for the dividend payment is October 5, 2020.

What is the annualized dividend rate for HTIA's Series A Preferred Stock?

The annualized dividend rate for HTIA's Series A Preferred Stock is $1.84375 per share.

What risks are associated with HTIA's operations?

The ongoing COVID-19 pandemic poses potential risks to HTIA's operations and financial performance.