Healthcare Trust of America, Inc. Announces the Acceleration of the Conversion
of its Class B-3 Common Stock into Class A Common Stock
SCOTTSDALE, Ariz., Nov. 4, 2013
SCOTTSDALE, Ariz., Nov. 4, 2013 /PRNewswire/ -- Healthcare Trust of America,
Inc. (NYSE:HTA) ("HTA") announced today that its Board of Directors has
decided to accelerate the conversion of its Class B-3 shares of common stock
into Class A shares of common stock from December6, 2013, to November 7, 2013
after the market closes. After this conversion is complete, all of HTA's
outstanding shares of common stock will be shares of Class A common stock,
which are eligible to trade on the New York Stock Exchange.
When HTA listed its shares of common stock on the New York Stock Exchange in
June of 2012, it converted its shares of common stock into four separate
classes of shares of common stock in order to manage the staged liquidity of
the shares in the public markets: Class A; Class B-1; Class B-2; and Class
B-3. The shares of Class B-1 common stock were converted into shares of Class
A common stock on December6, 2012, and the shares of Class B-2 common stock
were converted into shares of Class A common stock on June 6, 2013.
"The Board of Directors is pleased to announce the accelerated conversion of
our shares of Class B-3 common stock into shares of Class A common stock
effective November 7, 2013," stated Chairman and CEO Scott D. Peters. "Our
phased-in liquidity program has accomplished its objectives and allowed HTA to
accomplish a staged and disciplined liquidity plan for our shares on the
public markets after our listing on the NYSE. We will continue to focus on
enhancing shareholder value as a leading owner and operator of medical office
About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE:HTA) is a publicly traded real estate
investment trust and a leading owner of medical office buildings. HTA is a
full-service real estate company focused on acquiring, owning and operating
high-quality medical office buildings that are predominantly located on or
aligned with campuses of nationally or regionally recognized healthcare
systems in the U.S. Since its formation in 2006, HTA has built a portfolio of
properties that totals approximately $2.8 billion based on purchase price and
is comprised of approximately 13.6 million square feet of gross leasable area
located in 27 states. It operates its properties through regional offices in
Scottsdale, Charleston, Atlanta, and Indianapolis.
For more information on Healthcare Trust of America, Inc., please visit
Kellie S. Pruitt
Chief Financial Officer
Healthcare Trust of America, Inc.
SOURCE Healthcare Trust of America, Inc.
Contact: Robert Milligan, Senior Vice President of Corporate Finance,
Healthcare Trust of America, Inc., 480.998.3478, firstname.lastname@example.org
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