Advertisement
In addition, NHP's Board of Directors declared a $1.9375 per sharedividend on the Series B cumulative convertible preferred stock that will bepaid on September 30, 2008 to shareholders of record on September 15, 2008.
Advertisement
Nationwide Health Properties, Inc. is a real estate investment trust thatinvests in healthcare facilities and has investments in 562 facilities in 43states. For more information on Nationwide Health Properties, Inc., visit ourwebsite at http://www.nhp-reit.com.
Certain information contained in this release includes forward-lookingstatements. Forward-looking statements include statements regarding ourexpectations, beliefs, intentions, plans, objectives, goals, strategies,future events or performance and underlying assumptions and other statementswhich are not statements of historical facts, including any statementsregarding possible future transactions between us and Pacific MedicalBuildings ("PMB"). These statements may be identified, without limitation, bythe use of forward-looking terminology such as "may," "will," "anticipates,""expects," "believes," "intends," "should" or comparable terms or the negativethereof. These forward-looking statements involve risks and uncertainties thatcould cause actual results to differ materially from those described in thestatements. Risks and uncertainties associated with the PMB transactioninclude (without limitation) the following: delay or failure to obtain thirdparty consents; the exclusion of certain properties from the transaction; thefailure to achieve the perceived advantages from the transaction; larger thanexpected or unexpected costs associated with the transaction; unexpectedliabilities resulting from the transaction; potential litigation associatedwith the transaction; and the retention of key personnel after thetransaction. Other risks and uncertainties associated with our business, manyof which will apply to the assets acquired in the PMB transaction, include(without limitation) the following: deterioration in the operating results orfinancial condition, including bankruptcies, of our tenants; non-payment orlate payment of rent by our tenants; our reliance on two tenants for asignificant percentage of our revenue; occupancy levels at certain facilities;our level of indebtedness; changes in the ratings of our debt securities;access to the capital markets and the cost of capital; government regulations,including changes in the reimbursement levels under the Medicare and Medicaidprograms; the general distress of the healthcare industry; increasingcompetition in our business sector; the effect of economic and marketconditions and changes in interest rates; the amount and yield of anyadditional investments; our ability to meet acquisition goals; the ability ofour tenants to repay straight-line rent or loans in future periods; theability of our tenants to obtain and maintain adequate liability and otherinsurance; our ability to attract new tenants for certain facilities; ourability to sell certain facilities for their book value; our ability to retainkey personnel; potential liability under environmental laws; the possibilitythat we could be required to repurchase some of our senior notes; the rightsand influence of holders of our outstanding preferred stock; changes in orinadvertent violations of tax laws and regulations and other factors that canaffect real estate investment trusts and our status as a real estateinvestment trust; and other factors discussed from time to time in our newsreleases, public statements and/or filings with the Securities and ExchangeCommission, especially the "Risk Factors" sections of our Annua