ATLANTA, Sept. 2, 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 quarterly cash dividend payment on the Company's 10.875%
Series A Cumulative Redeemable Preferred Stock ("Series A Preferred
Stock"), accruing from July 1, 2015
through September 30, 2015.
The dividend on the Series A Preferred Stock will be payable on
September 30, 2015 to holders of
record at the close of business on September
18, 2015. The dividend payment will be $0.68 per share, which is equivalent to an
annualized 10.875% per share of the $25.00 per share stated liquidation preference.
The Series A Preferred Stock is listed on the NYSE MKT LLC and
trades under the symbol "ADK.PRA".
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 39 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 favorable economic impact of the modifications to the
master lease and statements regarding the modification of the
subleases. 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 AdCare'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.
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/adcare-health-systems-inc-declares-quarterly-dividend-on-series-a-cumulative-redeemable-preferred-stock-300136426.html
SOURCE AdCare Health Systems, Inc.