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Non-Tech : Income Investing

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From: dipstixx3/18/2013 8:08:30 AM
3 Recommendations  Read Replies (1) of 52138
 
SBRA-A
Sabra Health Care REIT, Inc. ("Sabra" or the "Company") ( SBRA) today announced the pricing of an underwritten public offering of 5,000,000 shares, or $125.0 million, of 7.125% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a price of $25.00 per share, pursuant to an effective registration statement. The Company granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of its Series A Preferred Stock. The offering of 5,000,000 shares of Series A Preferred Stock is expected to close on March 21, 2013, subject to customary closing conditions.
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