Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

REIT Conversion

Ventas $VTR announces REIT spinoff of nursing facilities

Ventas (VTR) announced today that the Companys Board of Directors has unanimously approved a plan to spin off most of its post-acute/skilled nursing facility (“SNF”) portfolio into an independent, publicly traded REIT (“SpinCo”). The transaction is expected to be completed in the second half of 2015 and is intended to qualify as a tax-free distribution to Ventas shareholders. Source

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