LTC Properties Inc. Enters and Terminates Agreements

Ticker: LTC · Form: 8-K · Filed: 2024-11-13T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, termination

TL;DR

LTC Properties Inc. just signed a new deal and ditched another one. Details TBD.

AI Summary

On November 13, 2024, LTC Properties Inc. (LTC) entered into a material definitive agreement and terminated another. The filing does not provide specific details on the nature of these agreements or any associated dollar amounts. The company is a real estate investment trust incorporated in Maryland.

Why It Matters

This filing indicates significant changes in LTC Properties Inc.'s contractual relationships, which could impact its operational structure and financial commitments.

Risk Assessment

Risk Level: medium — The termination and entry into new material definitive agreements suggest potential shifts in business strategy or financial arrangements that warrant closer examination.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by LTC Properties Inc. on November 13, 2024?

The filing states that LTC Properties Inc. entered into a material definitive agreement on November 13, 2024, but does not provide specific details about its terms or purpose.

What is the nature of the material definitive agreement that was terminated by LTC Properties Inc. on November 13, 2024?

The filing indicates that LTC Properties Inc. terminated a material definitive agreement on November 13, 2024, but does not specify which agreement or the reasons for termination.

Are there any financial implications or dollar amounts associated with the new agreement or the terminated agreement?

The provided filing does not disclose any specific dollar amounts or financial details related to the new agreement or the terminated agreement.

What is the principal business of LTC Properties Inc.?

LTC Properties Inc. is a real estate investment trust (REIT) as indicated by its Standard Industrial Classification code [6798].

In which state was LTC Properties Inc. incorporated?

LTC Properties Inc. was incorporated in Maryland.

From the Filing

0001104659-24-117816.txt : 20241113 0001104659-24-117816.hdr.sgml : 20241113 20241113171735 ACCESSION NUMBER: 0001104659-24-117816 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20241113 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241113 DATE AS OF CHANGE: 20241113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LTC PROPERTIES INC CENTRAL INDEX KEY: 0000887905 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 710720518 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11314 FILM NUMBER: 241455694 BUSINESS ADDRESS: STREET 1: 3011 TOWNSGATE ROAD STREET 2: SUITE 220 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 805-981-8655 MAIL ADDRESS: STREET 1: 3011 TOWNSGATE ROAD STREET 2: SUITE 220 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 8-K 1 tm2426442d4_8k.htm FORM 8-K false 0000887905 0000887905 2024-11-13 2024-11-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20459       FORM  8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of report:  November 13, 2024 (Date of earliest event reported)   LTC PROPERTIES, INC. (Exact name of Registrant as specified in its charter)   Maryland   1-11314   71-0720518 (State or other jurisdiction of   (Commission file number)   (I.R.S. Employer incorporation or organization)       Identification No)   3011 Townsgate Road , Suite 220 Westlake Village , CA 91361 (Address of principal executive offices)   ( 805 ) 981-8655 (Registrant’s telephone number, including area code)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.01 par value LTC New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company   ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨         Item 1.01. Entry Into a Material Definitive Agreement   On November 13, 2024, LTC Properties, Inc. (the “Company”) entered into an equity distribution agreement (the “Agreement”) with Citizens JMP Securities, LLC, BMO Capital Markets Corp., KeyBanc Capital Markets Inc., Wells Fargo Securities, LLC, Huntington Securities, Inc., and Wedbush Securities Inc., acting i

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