---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-044620"
form_type: "8-K"
ticker: "OPIRQ"
cik: "0001456772"
company_name: "OFFICE PROPERTIES INCOME TRUST"
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:02:41.522021+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OPI to acquire DHC in stock-for-stock merger; exchange ratio 0.147 OPI shares per DHC share

## Summary
- DHC shareholders to receive 0.147 OPI shares per DHC share; OPI to rename to Diversified Properties Trust.
- Merger requires shareholder approvals from both OPI and DHC; OPI must also approve share issuance.
- OPI and DHC entered into a commitment letter with JPMorgan for a $368M bridge facility to support the merger.
- OPI's distribution capped at $2.20/share annually during interim period; DHC cap $0.04/share.
- RMR continues as manager; Amended Property Management Agreement effective upon closing; DHC properties added.

## SEC filing metadata
- accession: 0001104659-23-044620
- form_type: 8-K
- ticker: OPIRQ
- cik: 0001456772
- company_name: OFFICE PROPERTIES INCOME TRUST
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456772/000110465923044620/0001104659-23-044620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456772/000110465923044620/tm2312245d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-044620
- JSON: https://secwatch.observer/filing/0001104659-23-044620.json
- Plain text: https://secwatch.observer/filing/0001104659-23-044620.txt

## Key facts
- Material Agreements
  OFFICE PROPERTIES INCOME TRUST entered into Agreement and Plan of Merger with Diversified Healthcare Trust (effective 2023-04-11).
  - Action: entry
  - Agreement: merger
  - Counterparty: Diversified Healthcare Trust
  - Effective: 2023-04-11
  source text: On April 11, 2023, we and Diversified Healthcare Trust, or DHC, entered into an Agreement and Plan of Merger, or the Merger Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465923044620/0001104659-23-044620-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.