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National Health Investors, 8.50% Cumul Convertible Preferred Stock
Ticker Symbol: NHI-* CUSIP: 63633D203 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/30/2004
Security has been Called for: Friday, April 30, 2004
March 29, 2004--National Health Investors, Inc. announced today that it will redeem 100% of its outstanding 8.5% cumulative convertible preferred stock on April 30, 2004 into common stock of NHI at a conversion rate of .905 shares of common stock for each share of convertible preferred stock. The redemption affects 747,994 shares of preferred stock with a balance of $18,700,000. Partial shares of common stock will be redeemed for cash.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: National Health Investors, Inc., $2.125 Cumulative Convertible Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 2/15/1999 for shares of common stock only if the price of the common stock exceeds $27.625, plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.50% per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31. The preferred shares are convertible any time at the holder's option into 0.905 common shares of National Health Investors, Inc. (NYSE: NHI), an initial conversion price of $27.625 per common share. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conv Shrs
Conv Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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8.50%
$2.125
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$25.00
$25.00
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Called for
4/30/2004
None
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B3
B+
2/12/2004
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0.905
$27.625
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3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (NHI)
IPO - 2/1/1994 - 4.38 Million Shares @ $25.00/share.
Market Value $17.1 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 100 Vine Street, Suite 1400, Murfreesboro, TN 37130 |
| Main Phone Number |
615-890-9100 |
| Fax Number |
615-890-0123 |
| Investor Relations
D. Gerald Coggin
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615-890-9100
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Toll Free Phone Number |
Unknown |
| PRS - Andy Adams |
VPF - Kenneth D. DenBesten |
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