Regional Health Properties, Inc. Announces Commencement of Trading of Series B Preferred Stock on OTC Markets

Rhea-AI Summary

Regional Health Properties, Inc. announced that its 12.5% Series B Cumulative Redeemable Preferred Shares have commenced trading on the OTCQB Venture Market.

Positive

• The addition of Series B Preferred Stock to the OTCQB Venture Market may attract new investors and increase liquidity.

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• No negative takes found.

ATLANTA, GA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. (the “Company”) (NYSE American: RHE) (NYSE American: RHE-PA) (OTCQB Venture: RHEPB), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, announced today that its 12.5% Series B Cumulative Redeemable Preferred Shares (the “Series B Preferred Stock”) commenced trading on the OTCQB Venture Market, operated by the OTC Markets Group, Inc., under the symbol “RHEPB”.

The Company’s Common Stock and Series A Redeemable Preferred Shares will continue to trade on the NYSE American LLC under the symbols “RHE” and “RHE-PA,” respectively. The Company will continue to file its required periodic reports and other filings with the Securities and Exchange Commission.

About Regional Health Properties

Regional Health Properties, Inc., a Georgia corporation, is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. For more information, visit www.regionalhealthproperties.com.

Company Contact

Brent Morrison, CFA

Chief Executive Officer & President

Regional Health Properties, Inc.

Tel (678) 368-4402

Brent.morrison@regionalhealthproperties.com

FAQ

What is Regional Health Properties, Inc.?

Regional Health Properties, Inc. is a self-managed healthcare real estate investment company that primarily invests in real estate for senior living and long-term care.

Where will the Series B Preferred Stock trade?

The Series B Preferred Stock will trade on the OTCQB Venture Market.

Will the Common Stock and Series A Redeemable Preferred Shares continue to trade on NYSE American?

Yes, the Common Stock and Series A Redeemable Preferred Shares will continue to trade on NYSE American.

What symbols are used for trading?

The Series B Preferred Stock will trade under the symbol 'RHEPB' on the OTCQB Venture Market, while the Common Stock trades under 'RHE' and the Series A Redeemable Preferred Shares trade under 'RHE-PA' on NYSE American.

Will the Company still file reports with the Securities and Exchange Commission?

Yes, the Company will continue to file its required periodic reports and other filings with the Securities and Exchange Commission.