Regional Health Properties announces final results, closing of exchange offer

Regional Health Properties announced the final results, and the closing, of its previously commenced offer to exchange any and all of the Company’s outstanding 10.875% Series A Cumulative Redeemable Preferred Shares for newly issued shares of the Company’s 12.5% Series B Cumulative Redeemable Preferred Shares. As previously announced, the Exchange Offer expired at 11:59 p.m., New York City time, on June 27, 2023. Continental Stock Transfer & Trust Company, the exchange agent in connection with the Exchange Offer, has advised the Company that, as of the Expiration Date, 2,252,272 shares of Series A Preferred Stock had been properly tendered in the Exchange Offer, representing approximately 80.1% of the outstanding shares of Series A Preferred Stock. All of the shares of Series A Preferred Stock properly tendered prior to the Expiration Date pursuant to the Exchange Offer were accepted by the Company and will be retired. On June 30, 2023, in exchange for each such share of Series A Preferred Stock, participating holders of Series A Preferred Stock received one share of Series B Preferred Stock, resulting in the issuance of 2,252,272 shares of Series B Preferred Stock. 559,263 shares of Series A Preferred Stock did not participate in the Exchange Offer and remain outstanding.