NEW YORK, Aug. 29, 2014 /PRNewswire/ -- American Realty Capital Healthcare Trust, Inc. ("ARC Healthcare") (NASDAQ: HCT) announced today that, pursuant to the prior authorization of its board of directors, ARC Healthcare intends to continue payment of monthly distributions at an annualized rate of $0.68 per share. Pending the "Effective Time" as defined in the merger agreement entered into, by and among, the Company and Ventas, Inc. and dated as of June 1, 2014, the Company intends to continue paying distributions on a monthly basis to stockholders of record at the close of business on the 8th day of the applicable month, payable on the 15th day of the applicable month, in each case, unless such date is a non-business day.
Accordingly, on September 15, 2014, ARC Healthcare will pay a distribution of $0.056666667 per share to stockholders of record at the close of business on September 8, 2014.
About ARC Healthcare
ARC Healthcare is a publicly traded Maryland corporation listed on The NASDAQ Global Select Market, focused on acquiring and owning a balanced and diversified portfolio of medical office buildings, seniors housing and select hospital and post-acute care properties. Additional information about ARC Healthcare can be found on its website at www.archealthcaretrust.com. ARC Healthcare may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.
Forward Looking Statements
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "will," "should," "may," "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in the Risk Factors section of ARC Healthcare's Annual Report on Form 10-K filed on February 26, 2014. Further, forward-looking statements speak only as of the date they are made, and ARC Healthcare undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
SOURCE American Realty Capital Healthcare Trust, Inc.