Regional Health extends exchange offer for redeemable preferred shares

Chicago, June 1 – Regional Health Properties, Inc. is extending its offer to exchange any and all of its outstanding 10.875% series A cumulative redeemable preferred shares for newly issued 12.5% series B cumulative redeemable preferred shares, according to a 424B3 filing with the Securities and Exchange Commission on Wednesday.

The exchange offer is on a one-to-one basis of series A shares for series B shares.

In connection with the offer, the company is also soliciting proxies for use at a special meeting in which its series A preferred shareholders and common stockholders will be asked to approve some amendments and related articles of incorporation and related matters.

The exchange offer is conditional on this approval.

Regional Health will host an adjourned special meeting at 10 a.m. ET on July 25.

The exchange offer will now end at 5 p.m. ET on July 25. The previous expiration time was 5 p.m. ET on May 31 and was extended from March 28.

Morrow Sodali LLC (203 658-9400, 800 662-5200) is the information agent for the exchange offer and the proxy solicitor for the special meeting.

The Suwanee, Ga.-based company is a self-managed health care real estate investment company investing primarily in real estate purposed for senior living and long-term health care through facility lease, sub-lease and operation of the facilities when required. The company is the successor to AdCare Health Systems, Inc.

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