American Health Properties, Inc. Provides Psychiatric Group Stock Distribution Update.DENVER, Colo.--(BUSINESS WIRE)--July 17, 1995--American Health Properties, Inc. today provided additional information regarding the distribution of its Psychiatric Group Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. Shares. As previously announced, shareholders will receive one Depositary Share for every ten shares of Common Stock held of record at the close of business on July 14, 1995. The actual distribution of the Depositary Shares will occur at the close of trading on July 25, 1995. Before July 26, 1995, the existing shares of Common Stock will trade on the NYSE NYSE See: New York Stock Exchange (symbol: "AHE") together with the Depositary Shares to be distributed thereon, as a unit. Commencing July 26, 1995, the Common Stock will trade separately on the NYSE and the Depositary Shares will trade separately on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market (symbol: "AHEPZ"). Prior to July 26, 1995, the Company anticipates that the Depositary Shares will commence trading on a "when issued" basis on the NASDAQ National Market ("when issued" symbol: "AHEZV"). The Company expects that the market makers for the Depositary Shares will include, among others, Alex. Brown & Sons and Goldman, Sachs & Co. The second quarter cash dividend for both the Common Stock and the Depositary Shares will be payable on August 11, 1995 to shareholders of record as of July 31, 1995. Therefore, in order to participate in these second quarter dividends, new shareholders will need to purchase Common Stock and/or Depositary Shares on or before the close of trading on July 26, 1995. The Common Stock and the Depositary Shares will both trade "ex" the cash dividend beginning on July 27, 1995. As previously announced, the second quarter dividend for the Common Stock will be $.495 per share and the second quarter dividend for the Depositary Shares will be $.80 per Depositary Share. AHE is a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) specializing in quality health care facilities. The Company's investments include twenty-seven acute, rehabilitation rehabilitation: see physical therapy. , psychiatric, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. and medical office health care properties located in fourteen states. CONTACT: American Health American Health Inc. is a company that manufactures health supplements. It is located in Holbrook, New York. One of its products is labeled the "Chewable Original Papaya Enzyme" with the attached registered trademark, "The 'After Meal Supplement'". Properties, Inc. Joseph P. Sullivan or Victor C. Streufert, 303/796-9793 |
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