Kenneth B. Roath, HCPI chairman/CEO, says, "We are very pleased to provide a cost-effective means for stockholders to automatically reinvest their dividends in the company, thereby adding to their overall investment in a timely and efficient fashion. Significantly, the new Dividend Reinvestment Plan also provides new investors the opportunity to purchase company stock."
Administered by the company's transfer agent, the Bank of New York, the voluntary program provides the means for the company to raise additional capital through the sale of newly issued stock. There is no limit on the amount of reinvested dividends; however, optional cash purchases are limited to a minimum of $100 and a maximum of $10,000 in any calendar month. The company may waive the maximum limit at its discretion.
The price for the new shares purchased directly from the company will be the market price less a discount that ranges from 0% to 5%. No discounts will be applied to shares purchased on the open market. However, the company will pay brokerage fees or commissions on stock purchased in the open market.
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