ATLANTA, Dec. 5, 2016 /PRNewswire/ -- AdCare
Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a
self-managed healthcare real estate investment company that invests
primarily in real estate purposed for senior living and long-term
healthcare, today announced that its Board of Directors has
declared a quarterly cash dividend on the Company's 10.875% Series
A Cumulative Redeemable Preferred Stock ("Series A Preferred
Stock"), accruing from October 1,
2016 through December 31,
2016.
The dividend on the Series A Preferred Stock will be payable on
December 30, 2016 to holders of
record at the close of business on December
20, 2016. The dividend payment will be $0.68 per share, which is equivalent to an
annualized 10.875% per share of the $25.00 per share stated liquidation preference.
The Series A Preferred Stock is listed on the NYSE MKT LLC and
trades under the symbol "ADK.PRA".
The current yield on the Company's Series A Preferred Stock is
12.4% based on the closing price of $21.87 per share on December 2, 2016.
About AdCare Health Systems
AdCare Health
Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) is a self-managed
healthcare real estate investment company that invests primarily in
real estate purposed for senior living and long-term healthcare
through facility lease and sub-lease transactions. AdCare currently
owns, leases or manages for third parties 29 facilities. For more
information about AdCare, visit www.adcarehealth.com.
Important Cautions Regarding Forward-Looking
Statements
Statements contained in this press release that
are not historical facts may be forward-looking statements within
the meaning of federal law. Such statements can be identified by
the use of forward-looking terminology, such as "believes,"
"expects," "plans," "intends," "anticipates" and variations of such
words or similar expressions, but their absence does not mean that
the statement is not forward-looking. Such forward-looking
statements reflect management's beliefs and assumptions and are
based upon information currently available to management and
involve known and unknown risks, results, performance or
achievements of AdCare, which may differ materially from those
expressed or implied in such statements. Such factors are
identified in the public filings made by AdCare with the Securities
and Exchange Commission, including AdCare's Annual Report on Form
10-K for the year ended December 31,
2015, and AdCare's Quarterly Report on Form 10-Q for the
quarter ended September 30, 2016.
There is no assurance that such factors or other factors will not
affect the accuracy of such forward-looking statements. Except
where required by law, AdCare undertakes no obligation to revise or
update any forward-looking statements to reflect events or
circumstances after the date of this press release.
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SOURCE AdCare Health Systems, Inc.
