Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 7:27 AM
|This Slide: #543 of 581|
Slide #543. AdCare Health Systems, Inc. — Preferred Stock Offering
AdCare Health Systems, Inc. (ADK)
Date of Pricing:
Price Per Share:
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.
Open the ADK Page at Preferred Stock Channel »
Free ADK Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com