LTC PROPERTIES,INC. (NYSE:LTC) Files An 8-K Termination of a Material Definitive Agreement

ME Staff 8-k
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LTC PROPERTIES,INC. (NYSE:LTC) Files An 8-K Termination of a Material Definitive Agreement
Item 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.


About LTC PROPERTIES,INC. (NYSE:LTC)

LTC Properties Inc. is a healthcare real estate investment trust. The Company invests in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments. Its primary senior housing and long term healthcare property types include skilled nursing properties (SNF), assisted living properties (ALF), independent living properties (ILF), memory care properties (MC) and combinations thereof. SNFs provide restorative, rehabilitative and nursing care for people at acute care hospitals. ALFs serve elderly persons requiring assistance with activities of daily living. ILFs, also known as retirement communities, offer various levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on site security and emergency response programs. MCs offer specialized options for seniors with Alzheimer’s disease and other forms of dementia.