Health Care REIT calls all 4 million shares of 7 7/8% preferred stock

By Tali David

Minneapolis, Feb. 29 - Health Care REIT, Inc. plans to redeem all 4 million of its 7 7/8% series D cumulative redeemable preferred stock, the company announced in a press release.

The shares will be redeemed at $25 per share plus accrued interest on April 2 for a total of $100 million, not including the quarterly dividend that will be paid separately after April 16.

The Bank of New York Mellon is the redemption agent.

Health Care REIT is a Toledo, Ohio-based real estate investment trust that invests in senior housing and health-care real estate.

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