SCOTTSDALE, Ariz., Dec. 11, 2012 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA") announced that on December 6, 2012, the Company's Class B-1 shares converted to Class A shares. This conversion was made pursuant to the phased in liquidity plan approved as an amendment to HTA's charter in December 2010 and filed on Form 8-K dated December 20, 2010.
As a result of this conversion, the number of Class A shares that are eligible to trade on the New York Stock Exchange ("NYSE") has increased to 99.8 million shares, an increase of 57.3 million shares. Since the date of HTA's listing on the NYSE on June 6, 2012, 50% of HTA's stock outstanding as of the listing date have converted to Class A shares. Of the remaining 50%, approximately 25% are expected to convert to Class A shares in June 2013 and approximately 25% are expected to convert to Class A shares in December 2013.
As previously announced on October 26, 2012, all classes of HTA stock will be paid a dividend in the amount of $0.14375 per share on January 4, 2013 to stockholders of record on December 31, 2012. This dividend, in the amount of $0.14375 per share, represents an annualized rate of $0.575 per share.
Additionally, on December 3, 2012, HTA was added to the MSCI US REIT Index (RMZ) as a result of MSCI's Semi-Annual Index Review. With the addition of HTA, there are now a total of 116 companies in the index.The amount of distributions HTA pays to its stockholders is determined by HTA's board of directors, at its discretion, and is dependent on a number of factors, including funds available for the payment of distributions, HTA's financial condition, capital expenditure requirements and annual distribution requirements needed to maintain HTA's status as a real estate investment trust, or REIT, under the Internal Revenue Code. HTA's board of directors may reduce its distribution rate and HTA cannot guarantee the amount of distributions paid in the future, if any.