LTC PROPERTIES,INC. (NYSE:LTC) Files An 8-K Termination of a Material Definitive AgreementItem 1.02. — Termination of a Material Definitive Agreement
On November7, 2017, LTC Properties,Inc. (the “Company”) delivered notice to Canaccord Genuity Inc. (“Canaccord”) terminating the equity distribution agreement with Canaccord, dated August1, 2016 (the “Canaccord Equity Distribution Agreement”), effective as of November7, 2017. The Canaccord Equity Distribution Agreement permitted the Company to offer and sell, from time to time, up to $200,000,000 in aggregate offering price of shares of the Company’s common stock through Canaccord. As a result of the termination of this agreement, no further offers or sales of the Company’s common stock will be made through Canaccord to the Company’s at-the-market offering program.
The Company’s separate equity distribution agreements with each of JMP Securities LLC, Credit Agricole Securities (USA) Inc., Cantor Fitzgerald& Co., and Mizuho Securities USA LLC, dated as of August1, 2016, remain in full force and effect.