Omega Announces Reinstatement of Dividend Reinvestment and Optional Cash Purchase Plan

Rhea-AI Summary

Omega Healthcare Investors, Inc. (NYSE:OHI) has reinstated its Dividend Reinvestment and Optional Cash Purchase Plan, effective immediately, after a suspension that began on March 23, 2020. The plan allows for dividend reinvestments at a 1% discount per share, while optional cash purchases will continue to be sold without a discount. Participants from the suspension date will receive details on their enrollment status shortly. Omega focuses on long-term healthcare investments in skilled nursing and assisted living facilities across the US and UK.

Positive

• Reinstatement of the Dividend Reinvestment and Optional Cash Purchase Plan.
• 1% discount for dividend reinvestments benefits shareholders.

Negative

• Suspension of the Plan since March 23, 2020 may have affected investor confidence.

Omega Healthcare Investors, Inc. (NYSE:OHI) today announced the reinstatement of the Company’s Dividend Reinvestment and Optional Cash Purchase Plan (the “Plan”), effective immediately. The Company previously announced the temporary suspension of dividend reinvestment and optional cash purchases under the Plan on March 23, 2020.

Please note that the per share purchase discount for dividend reinvestments will remain at 1% and shares under the optional cash component of the Plan will continue to be sold without discount. All participants at the date of the Plan’s announced suspension on March 23, 2020 will be receiving a letter from the Company discussing enrollment status and procedures within the next few days. All questions and requests in connection with the Plan should be directed to the Plan’s administrator, Computershare, at (800) 368-5948.

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK. More information on Omega is available at www.omegahealthcare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201217006035/en/

FAQ

What is the current dividend reinvestment plan status for OHI?

Omega Healthcare Investors has reinstated its Dividend Reinvestment and Optional Cash Purchase Plan.

Is there a discount for dividend reinvestments in OHI?

Yes, there is a 1% discount for dividend reinvestments.

When was the OHI dividend reinvestment plan suspended?

The plan was temporarily suspended on March 23, 2020.

How do I enroll in OHI's Dividend Reinvestment and Optional Cash Purchase Plan?

Participants will receive letters detailing enrollment procedures shortly.