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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: September 2, 1998
(Date of earliest event reported)
LTC PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
MARYLAND 1-11314 71-0720518
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
300 ESPLANADE DRIVE, SUITE 1860
OXNARD, CALIFORNIA 93030
(Address of principal executive offices, including zip code)
(805) 981-8655
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On September 2, 1998, LTC Properties, Inc. (the "Company") completed its
previously announced sale of 2,000,000 shares of Series C Convertible
Preferred Stock (the "Series C Preferred Stock") at a price of $19.25 per
share to National Health Investors, Inc. ("NHI"). The Series C Preferred
Stock is convertible into 2,000,000 shares of LTC common stock, has an annual
coupon of 8.5% payable quarterly and has a liquidation preference of $19.25
per share.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LTC PROPERTIES, INC.
Date: September 3, 1998 By /s/ JAMES J. PIECZYNSKI
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James J. Pieczynski
President and Chief Financial Officer
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