National Healthcare Properties, Inc. 8-K

What Happened National Healthcare Properties, Inc. announced on May 18, 2026 that it has launched concurrent, separate tender offers to purchase up to a combined maximum aggregate of $100 million in cash of its preferred stock. The company is offering to buy (i) its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock and (ii) its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock for $22.50 per share (each offer less any applicable withholding taxes and without interest). The offers are intended to commence upon filing a Schedule TO with the SEC and are expected to expire on June 16, 2026, unless extended or terminated.

Key Details

• Aggregate maximum purchase: up to $100,000,000 in cash.
• Purchase price: $22.50 per share for both Series A and Series B preferred shares (less withholding taxes; no interest).
• Securities: Series A — 7.375% cumulative perpetual preferred; Series B — 7.125% cumulative perpetual preferred; par value $0.01 per share.
• Timing and materials: Offers commence upon the filing of a Tender Offer Statement on Schedule TO with the SEC; expected expiration date June 16, 2026. Offer materials (Offer to Purchase, Letter of Transmittal) will be available on SEC.gov and from Georgeson LLC (toll-free (866) 831-9374).

Why It Matters This action will use up to $100 million of cash to repurchase outstanding preferred shares if holders tender, which would reduce the number of outstanding preferred shares and the company’s ongoing dividend obligations on those shares to the extent repurchases occur. Holders of the Series A and Series B preferred should carefully read the Offer to Purchase and Letter of Transmittal (when filed) before deciding whether to tender, since the purchase price, timing, and conditions are set forth in those documents. The filing also contains forward-looking statements and related cautions about risks and uncertainties.