MURFREESBORO, Tenn.--(BUSINESS WIRE)--Dec. 4, 2003--National Health Investors, Inc. (NYSE:NHI) (NYSE:NHIPr), one of the nation's largest health care real estate investment trusts, announced today that it will pay a fourth quarter preferred stock dividend of 53.125 cents per share to shareholders of its cumulative convertible preferred stock on Dec. 31.
The dividend will be paid to preferred stockholders of record on Dec. 19. The preferred stock is expected to pay a dividend of $2.125 per share during a full calendar year. The cumulative convertible preferred stock trades on the New York Stock Exchange with the symbol NHIPr. The preferred shares are convertible by holders to common stock at any time and the conversion ratio is .905 shares of common stock for each share of preferred stock.
NHI specializes in the financing of health care real estate by first mortgage and by purchase and leaseback transactions. The common and preferred stocks of the company trade on the New York Stock Exchange with the symbols NHI and NHIPr respectively. Additional information including NHI's most recent press releases may be obtained on our web site at www.nhinvestors.com.
Statements in this press release that are not historical facts are forward-looking statements. NHI cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. All forward-looking statements represent NHI's judgment as of the date of this release.
CONTACT: National Health Investors, Inc.Gerald Coggin, 615-890-9100
SOURCE: National Health Investors, Inc.