PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, December 2, 6:34 PM
| This Slide: #535 of 573 |
Slide #535. AdCare Health Systems, Inc. — Preferred Stock Offering
Company:
AdCare Health Systems, Inc. (ADK)
Date announced:
11/1/2012
Date of Pricing:
11/6/2012
Price Per Share:
$23
Closed Date:
11/14/2012
Preferred Stock Offering Details:
AdCare Health Systems, Inc. announced today that it has commenced an underwritten public offering of a new series of its preferred stock, to be designated as its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"). The Company has filed an application to list the Series A Preferred Stock on the NYSE MKT.
AdCare Health Systems, through its subsidiaries, is a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living. Co.'s business primarily consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities. As of Dec 31 2016, Co. owned, leased, or managed for third parties 29 facilities primarily in the Southeast. Co.'s facilities provide a range of healthcare and related services to patients and residents, including skilled nursing and assisted living services, social services, and other rehabilitative and healthcare services for both long-term and short-stay patients and residents.
Preferred: ADK.PRA
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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