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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV