Health Care REIT Announces Proposed Offering of Common Stock

Health Care REIT, Inc. HCN announced that it intends to offer, subject to market and other conditions, concurrent underwritten public offerings of 25.0 million shares of its common stock and $625 million (12.5 million shares) of cumulative convertible perpetual preferred stock. The company also intends to grant the underwriters a 30-day option to purchase up to 3.75 million additional shares of its common stock and $93.75 million (1.875 million additional shares) of its preferred stock to cover over-allotments, if any. Neither offering is contingent upon completion of the other offering.