Nationwide Health calls its 7.75% convertible preferreds at 103.875

By Susanna Moon

Chicago, Dec. 18 - Nationwide Health Properties, Inc. said it plans to redeem all of its outstanding shares of 7.75% series B cumulative convertible preferred stock on Jan. 18.

Nationwide will pay a redemption price of $103.875 plus accumulated dividends to the redemption date of $0.3875, for a total redemption price of $104.2625 per share in cash.

As a result of the redemption, the preferreds will be convertible into 4.515 common shares until the close of business on Jan. 14.

The company's stock (NYSE: NHP) closed at $34.68 on Thursday.

BNY Mellon Shareowner Services (201 680-4364) is the redemption agent.

The real estate investment trust is based in Newport Beach, Calif.

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