Regional Health Properties Announces Series B Preferred Stock Repurchase Program

Core Viewpoint - Regional Health Properties, Inc. has announced a Stock Repurchase Plan to buy back up to 500,000 shares of its Series B Preferred Stock, which will be overseen by a Special Committee of the Board of Directors [1][3]. Summary by Sections Stock Repurchase Plan - The Company is authorized to purchase shares of Series B Preferred Stock through various methods including open-market transactions and block trades, in accordance with relevant securities regulations [2]. - The repurchase program does not obligate the Company to buy back any shares during any specific period and will be funded by cash on hand [3]. - The program is expected to continue indefinitely until the maximum number of shares is repurchased or the program is modified, suspended, or terminated by the Board [3]. Company Overview - Regional Health Properties, Inc. is a self-managed healthcare real estate investment company based in Atlanta, Georgia, primarily investing in real estate for senior living and long-term care [4].