secwatch.observer — SEC 8-K summary
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Issuer:     DIVERSIFIED HEALTHCARE TRUST (DHC)
CIK:        0001075415
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001104659-23-043838
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075415/000110465923043838/0001104659-23-043838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075415/000110465923043838/tm2312244d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-043838

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