ATLANTA, June 3, 2016 /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 care, today announced that its Board of Directors has declared a quarterly cash dividend on the Company's 10.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), accruing from April 1, 2016 through June 30, 2016.

The dividend on the Series A Preferred Stock will be payable on June 30, 2016 to holders of record at the close of business on June 20, 2016. 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".

The current yield on the Company's Series A Preferred Stock is 12.4% based on the closing price of $22.00 per share on June 2, 2016.

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 care through facility lease and sub-lease transactions. The Company currently owns, leases or manages for third parties 38 facilities. 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. 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, 2015, and AdCare's Quarterly Report on Form 10-Q for the quarter ended March 31, 2016. 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.

Company Contacts


Investor Relations

Bill McBride

Allan Rimland

Brett Maas

Chairman and CEO

President and CFO

Managing Partner

AdCare Health Systems, Inc.

AdCare Health Systems, Inc.

Hayden IR

Tel (404) 781-2884

Tel (404) 781-2885

Tel (646) 536-7331    

bill.mcbride@adcarehealth.com

allan.rimland@adcarehealth.com

brett@haydenir.com

 

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-300279161.html

SOURCE AdCare Health Systems, Inc.

Copyright 2016 PR Newswire

Adcare Health Systems (GA) (delisted) (AMEX:ADK)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Adcare Health Systems  (GA) (delisted) Charts.
Adcare Health Systems (GA) (delisted) (AMEX:ADK)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Adcare Health Systems  (GA) (delisted) Charts.