Diversified Healthcare Trust to Merge with Office Properties Income Trust in All-Share Transaction

DIVERSIFIED HEALTHCARE TRUST

DHC shareholders will receive 0.147 OPI shares per DHC share, a 20% premium to DHC's 30-trading day average closing price.
Combined company expected to pay quarterly distribution of $0.25 per share, a 267% increase from DHC's current $0.01 quarterly dividend.
Merger expected to close in Q3 2023, subject to approval by DHC and OPI shareholders and other customary conditions.
Transaction unanimously approved by special committees of both Boards and will be managed by The RMR Group.
Combined entity will be named Diversified Properties Trust and trade on Nasdaq; DHC shareholders to own about 42%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.