Ventas Declares Prorated Dividend In Connection With American Realty Deal

(RTTNews) - Ventas, Inc. (VTR) announced that its Board of Directors has declared a prorated dividend on its common stock, conditioned upon the completion of its pending acquisition of American Realty Capital Healthcare Trust, Inc. (HCT) following a merger of HCT with and into a wholly owned subsidiary of Ventas.

The dividend will be payable in cash to stockholders of record at the close of business on the last business day prior to the date on which the merger becomes effective.

The per share dividend amount payable by Ventas will be equal to the company's most recent quarterly dividend rate of $0.79, multiplied by the number of days elapsed since its last dividend record date of December 22, 2014 through and including the day immediately prior to the day on which the merger closes, divided by the actual number of days in the calendar quarter of 90 in which such dividend is declared.

The merger is expected to occur on or after January 16, 2015, subject to the approval of stockholders of HCT and the satisfaction of customary closing conditions. HCT has scheduled a special meeting of stockholders to consider and vote upon the proposed acquisition and related matters on January 15, 2015.