American Health Properties Inc. Declares Dividend on Series B Preferred Stock.DENVER--(BUSINESS WIRE)--Nov. 11, 1997--American Health Properties, Inc. (NYSE NYSE See: New York Stock Exchange :AHE) announced that the Board of Directors declared a cash dividend of $.209028 per share on its 8.60% Series B Cumulative Redeemable Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. Depositary Shares (NYSE:AHE PrB), payable December 1, 1997 to shareholders of record November 18, 1997. This initial dividend on the Depositary Shares represents the dividend for the 35 days in the partial dividend period October 27, 1997 through November 30, 1997. Dividends on the Depositary Shares are cumulative and, if and when declared, will be payable quarterly in arrears Adv. 1. in arrears - in debt; "he fell behind with his mortgage payments"; "a month behind in the rent"; "a company that has been run behindhand for years"; "in arrears with their utility bills" behindhand, behind on the last day of February, May, August and November of each year (or, if such day is not a business day, the next business day) at the quarterly rate of $.5375 per share ($2.15 per annum Per annum Yearly. ). American Health Properties, Inc. 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 currently has in excess of $650 million in investments in health care facilities located in 18 states. CONTACT: American Health Properties Inc., Denver Joseph P. Sullivan, Michael J. McGee, 303/796-9793 |
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