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EX-99.1 - AMERICAN REALTY CAPITAL HEALTHCARE TRUST INCv222602_ex99-1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 12, 2011


American Realty Capital Healthcare Trust, Inc.
(Exact Name of Registrant as Specified in Charter)
 
Maryland
 
333-169075
 
27-3306391
 
(State or other jurisdiction
of incorporation or organization)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
 
405  Park Avenue
New York, New York 10022
(Address, including zip code, of Principal Executive Offices)
Registrant's telephone number, including area code: (212) 415-6500

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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 8.01

On May 13, 2011, American Realty Capital Healthcare Trust, Inc. (the “Company”) issued a press release announcing that it had raised proceeds sufficient to break escrow in connection with its initial public offering on a reasonable best efforts basis.  The Company received and accepted aggregate subscriptions in excess of the minimum of $2 million in shares and issued 212,526 shares of common stock to its initial investors who were admitted as stockholders.

The Company also announced that on May 12, 2011, its Board of Directors declared a distribution rate equal to a 6.60% annualized rate based on the common stock price of $10.00.  The distributions will be payable monthly commencing the earlier of 30 days following the Company’s initial property acquisition or July 31, 2011, to stockholders of record at the close of business each day during the prior month.  The dividend will be calculated based on stockholders of record each day during the applicable period at a rate of $0.01808219178 per day.

A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.
 
(d)           Exhibits
 
Exhibit No.
 
Description
99.1
 
Press Release dated May 13, 2011

 
 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
AMERICAN REALTY CAPITAL HEALTHCARE TRUST, INC.
     
Date: May 18, 2011
By:  
/s/ Nicholas S. Schorsch
 
Nicholas S. Schorsch
 
Chief Executive Officer and
Chairman of the Board of Directors