Omega Prorates Dividend in Connection with Acquisition of Aviv

by Jeff Shaw

HUNT VALLEY, Md. — Omega Healthcare Investors Inc. (NYSE: OHI) has declared a prorated dividend of 36 cents per share of Omega’s common stock in view of the pending acquisition of Aviv REIT Inc. (NYSE: AVIV), pursuant to a merger of Aviv with and into a wholly owned subsidiary of Omega.

The dividend will be payable in cash on April 7 to stockholders of record. The per-share dividend amount represents dividends for February and March 2015, at a quarterly dividend rate of 54 cents per share of common stock, representing an increase of 1 cent per share over the quarterly dividend rate for the immediately preceding quarter.

The merger is expected to occur early in the second quarter of 2015, subject to the approval of stockholders of Omega and Aviv and the satisfaction of customary closing conditions. Both companies have scheduled a special meeting of stockholders to consider and vote upon the proposed acquisition and related matters on March 27.

Omega is a real estate investment trust investing in and providing financing to the long-term care industry. As of the end of 2014, Omega’s portfolio of investments consisted of 560 operating healthcare facilities located in 37 states and operated by 50 third-party healthcare operating companies.

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