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Health Care REIT, Inc. Calls Series G Preferred Stock for Redemption

^{Published on 2010-08-31 13:55:28 - Market Wire}
 

TOLEDO, Ohio--([ BUSINESS WIRE ])--Health Care REIT, Inc. (NYSE:HCN) today announced plans to redeem all 313,972 shares of its 7.5% Series G Cumulative Convertible Redeemable Preferred Stock (NYSE: HCN PrG, CUSIP: 42217K 502) on September 30, 2010 at a redemption price of $25.00 per share plus accrued and unpaid dividends through September 30, 2010. The Notice of Redemption was mailed to holders of record of the Series G Preferred Stock on August 31, 2010. Questions related to the Notice of Redemption should be directed to the redemption agent, BNY Mellon Shareowner Services, Attn: Corporate Action Dept., 27th Floor, 480 Washington Boulevard, Jersey City, NJ 07310 or by calling 1-800-777-3674.

Holders of the Series G Preferred Stock may exercise their conversion rights until the close of business on September 30, 2010. The shares of Series G Preferred Stock are convertible into common shares of the company at a rate of 0.7157 shares of Series G Preferred Stock per common share. BNY Mellon Shareowner Services serves as the conversion agent for the Series G Preferred Stock. Any questions relating to conversions should be directed to BNY Mellon Shareowner Services at the address and telephone number provided above.

About Health Care REIT. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2010, the companya™s broadly diversified portfolio consisted of 625 properties in 39 states. More information is available on the companya™s website at [ www.hcreit.com ].

This document may contain aforward-lookinga statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as amay,a awill,a aintend,a ashould,a abelieve,a aexpect,a aanticipate,a aproject,a aestimatea or similar expressions, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The companya™s expected results may not be achieved, and actual results may differ materially from expectations. This may be a result of various factors, including, but not limited to, the completion of the redemption as and when anticipated by the company. Additional factors are discussed in the companya™s Annual Report on Form 10-K and in its other reports filed from time to time with the Securities and Exchange Commission. The company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.