LTC Properties sets up $500 million share sale program, replacing $400 million one
LTC Properties entered into a new equity distribution agreement allowing it to sell up to $500 million of common stock at its option, through sales agents and forward sale agreements. The filing says the company terminated its prior at-the-market program, under which about $90 million remained unsold, to enter into the new agreement.
Key points
- Up to $500 million of common stock may be issued and sold from time to time, at the company's option, under the agreement dated August 6, 2026.
- The agreement replaces an original program dated November 13, 2024, as amended August 5, 2025, which allowed up to $400 million; about $90 million remained unsold when it was terminated.
- Sales agent commissions will not exceed 2.0% of the gross sales price of shares sold through the agents.
- Net proceeds may be used to pay down the unsecured revolving line of credit, fund acquisitions and originations, or for working capital and other general corporate purposes.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.