ATLANTA, June 30, 2015 /PRNewswire/ -- AdCare Health
Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a
self-managed healthcare real estate investment company that invests
primarily in real estate purposed for senior living and long-term
healthcare, today announced that its Board of Directors has
declared a cash dividend on the Company's common stock.
On June 30, 2015, the Board of
Directors declared a cash dividend of $0.055 per share of common stock, payable on
July 31, 2015 to shareholders of
record as of July 15, 2015. The
quarterly dividend would represent an annualized dividend of
$0.22 per share. Based on the closing
share price on June 29, 2015, this
represents a dividend yield of 6.6%.
About AdCare Health Systems
AdCare Health
Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) is a
self-managed healthcare real estate investment company that invests
primarily in real estate purposed for senior living and long-term
healthcare through facility lease and sub-lease transactions. The
Company currently owns, leases or manages for third parties 40
facilities, primarily in the Southeast. For more information about
AdCare, visit www.adcarehealth.com.
Important Cautions Regarding Forward-Looking
Statements
Statements contained in this press release that
are not historical facts may be forward-looking statements within
the meaning of federal law. Such statements can be identified by
the use of forward-looking terminology, such as "believes,"
"expects," "plans," "intends," "anticipates" and variations of such
words or similar expressions, but their absence does not mean that
the statement is not forward-looking. Statements in this press
release that are forward-looking include, among other things,
statements regarding the strategic plan to transition the Company
to a healthcare facilities holding and leasing company and
statements regarding the annualized dividend. Such forward-looking
statements reflect management's beliefs and assumptions and are
based upon information currently available to management and
involve known and unknown risks, results, performance or
achievements of AdCare, which may differ materially from those
expressed or implied in such statements. Such factors are
identified in the public filings made by AdCare with the Securities
and Exchange Commission, including the Company's Annual Report on
Form 10-K for the year ended December 31,
2014. There is no assurance that such factors or other
factors will not affect the accuracy of such forward-looking
statements. Except where required by law, AdCare undertakes no
obligation to revise or update any forward-looking statements to
reflect events or circumstances after the date of this press
release.
In addition, each facility mentioned in this press release is
operated by a separate, wholly owned, independent operating
subsidiary that has its own management, employees and assets.
References to the consolidated company and its assets and
activities, as well as the use of terms such as "we," "us," "our,"
and similar verbiage, is not meant to imply that AdCare Health
Systems, Inc. has direct operating assets, employees or revenue or
that any of the facilities, the home health business or other
related businesses are operated by the same entity.
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SOURCE AdCare Health Systems, Inc.