NHR in Full Compliance with AMEX
11 Mai 2005 - 12:17AM
Business Wire
National Health Realty, Inc., (AMEX:NHR), a real estate investment
trust, said today that it is in full compliance with the American
Stock Exchange board of directors composition requirements as set
forth in Section 121A of the AMEX Company Guide. In January, NHR
was notified by the AMEX that it did not have a majority of
independent directors serving on its board. NHR corrected the issue
by placing Richard LaRoche on the proxy ballot at its annual
meeting on May 3. LaRoche was elected to the board by an
overwhelming majority vote of NHR shareholders. In addition, during
his first board of directors meeting on May 9, the board found that
newly elected director LaRoche, meets the American Stock Exchange
requirements of an independent director. NHR owns the real property
of 16 skilled nursing facilities, six assisted living centers and
one retirement center. NHR also owns first and second mortgage
notes totaling $13.5 million. These notes are secured by operating
skilled nursing facilities and other health care properties.
Additional information including NHR's most recent press releases
may be obtained on NHR's web site at www.nationalhealthrealty.com.
The company trades on the American Stock Exchange with the symbol
NHR. Statements in this press release that are not historical facts
are forward-looking statements. NHR cautions investors that any
forward-looking statements made involve risks and uncertainties and
are not guarantees of future performance. All forward-looking
statements represent NHR's best judgment as of the date of this
release.
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