Actually a 1 for 4 shares is 25%...so your VTR bases is 75% of the price originally paid for VTR.
AB Inbev also confirmed now. MO owns 27% SABMiller...probably looking for a tax-free deal. I hope MO distribute the new AB SAB shares to us MO shareholders in a tax-free distribution.
I agree with you, however they did tell the public this was their plan so was not inline with their projections. Don't get me wrong, I own UDF too.
The price was not listed yet on the VTR web site however, the opening price was $34.05.
Looks like CCP is market priced at about $8.50 per VTR share ( $34.....so expect about a $60 handle Tuesday morning.
CCP will be on the prowl for properties shortly. Who might be the publicly held candidates?
Probably chapter 11 and restructure the debt. The bond holders will be the new owners.
Thanks all...I have my mother in law in an assisted living place (not SNR) in Brooklyn NY and it cost $2600/month for a 2 bed - room ( she shares the room with another person) and board. We pay another $1100/month for medical administration assistance. Nail polishing and haircuts are extra. Alot of activities for her. However, I like the properties SNR has.
$0.1375 /quarterly dividend declared for 10/15/2015 and 01/15/16. Will continue on a quarterly basis. I actually thought they would declare $0.125 ... 69% payout. Comments?