NEWPORT BEACH, Calif., July 20 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc.'s Board of Directors declared today a $.37 per share regular dividend on its common stock. The common dividend will be paid on September 3, 2004 to shareholders of record on August 13, 2004.
In addition, Nationwide Health Properties, Inc. also reported that the Board of Directors declared cash dividends of $1.91925 per share on its Series A cumulative step-up REIT preferred stock and $1.9375 per share on its Series B cumulative convertible preferred stock. The Series A dividend will be paid on September 30, 2004 to stockholders of record on September 1, 2004, and the Series B dividend will be paid on September 30, 2004 to stockholders of record on September 15, 2004.
Nationwide Health Properties, Inc. is a real estate investment trust that invests in health care facilities. The Company and its joint venture have investments in 402 facilities in 38 states. For more information on Nationwide Health Properties, Inc., visit the Company’s website at http://www.nhp-reit.com/.
Certain information contained in this news release includes forward-looking statements. Forward-looking statements include statements regarding our expectations, beliefs, intentions, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are not statements of historical facts. These statements may be identified, without limitation, by the use of forward-looking terminology such as “may,” “will,” “anticipates,” “expects,” “believes,” “intends,” “should” or comparable terms or the negative thereof. All forward-looking statements included in this news release are based on information available to us on the date hereof. These statements speak only as of the date hereof, and we assume no obligation to update such forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include (without limitation) the following: failure to negotiate acceptable definitive documentation or consummate one or more of the expected closings due to the inability to obtain third party consents or otherwise; continued deterioration of the operating results or financial condition, including bankruptcies, of our tenants; occupancy levels at certain facilities; 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 Medicaid programs; the general distress of the healthcare industry; the effect of economic and market conditions and changes in interest rates; the amount and yield of any additional investments; the ability of our operators to repay deferred rent or loans in future periods; the ability of our operators to obtain and maintain adequate liability and other insurance; our ability to attract new operators for certain facilities; our ability to sell certain facilities for their book value; changes in tax laws and regulations affecting real estate investment trusts; and the risk factors described in our annual report on Form 10-K filed with the SEC on March 9, 2004.
For further information please contact Mark L. Desmond, Senior Vice President & CFO of Nationwide Health Properties, Inc., +1-949-718-4400.
Nationwide Health Properties, Inc.
CONTACT: Mark L. Desmond, Senior Vice President & CFO ofNationwide Health Properties, Inc., +1-949-718-4400
Web site: http://www.nhp-reit.com/
