Regional Health Properties, Inc. announced the initiation of a Stock Repurchase Plan for Series B Preferred Stock.
The Board of Directors authorized the purchase of up to 500,000 shares under the program.
Repurchases will be made through various methods including open-market transactions and block trades.
Stock Repurchase Plan Initiated
Board approved the repurchase of up to 500,000 shares of Series B Preferred Stock.
Authorization Details
Special Committee oversees timing and conduct of the Stock Repurchase Plan.
Funding Source
Repurchases to be funded by cash on hand from time to time.
Program Duration
Expected to continue indefinitely until maximum shares are repurchased or modified by the Board.
- The Stock Repurchase Plan reflects the company's commitment to enhancing shareholder value through strategic investment decisions.
- Repurchases will be made at prices based on prevailing market conditions, indicating flexibility in the execution of the program.
Regional Health Properties, Inc. aims to bolster investor confidence through the Stock Repurchase Plan, demonstrating a proactive approach towards capital management and maximizing shareholder returns.