8-KOther Events

WELLTOWER INC. 8-K Report (Jul 10, 2003)

Filed July 10, 2003For Securities:WELL

Summary

Welltower Inc. (formerly Health Care REIT, Inc.) filed an 8-K on July 9, 2003, reporting on several key corporate events. The company announced investments totaling $132.1 million for the quarter ending March 31, 2003. This filing also disclosed the closing of a significant transaction on July 9, 2003, involving the sale of 4,000,000 shares of its 7 7/8% Series D Cumulative Redeemable Preferred Stock, accompanied by a tax opinion from Arnold & Porter. Furthermore, the report details a purchase agreement for 1,583,100 shares of common stock, underscoring the company's ongoing capital markets activities and strategic positioning. Ernst & Young LLP provided a consent as an expert in connection with a related prospectus supplement. These events collectively indicate active management of the company's capital structure and investment portfolio.

Key Highlights

  • 1Announced investments of $132.1 million for the quarter ended March 31, 2003.
  • 2Completed the sale of 4,000,000 shares of 7 7/8% Series D Cumulative Redeemable Preferred Stock on July 9, 2003.
  • 3Received a tax opinion from Arnold & Porter in connection with the preferred stock sale.
  • 4Entered into a purchase agreement for 1,583,100 shares of common stock.
  • 5Ernst & Young LLP provided a consent as an expert related to a July 9, 2003 prospectus supplement.
  • 6The filing references an S-3 Registration Statement (File No. 333-73936) for both the preferred and common stock transactions.

Frequently Asked Questions

The company reported making investments totaling $132.1 million for the quarter ended March 31, 2003. This filing also details capital raising activities through the sale of preferred and common stock.

On July 9, 2003, the company sold 4,000,000 shares of its 7 7/8% Series D Cumulative Redeemable Preferred Stock and entered into a purchase agreement for 1,583,100 shares of common stock. These transactions were conducted under an effective S-3 Registration Statement.

Arnold & Porter provided a tax opinion in connection with the sale of preferred stock. Ernst & Young LLP provided a consent to be named as an expert in a prospectus supplement related to the common stock transaction.