LTC Properties enters into $400M at-the-market equity distribution agreement

LTC PROPERTIES INC

New ATM program enables sale of up to $400M of common stock through six sales agents and forward sellers.
Proceeds to be used to reduce unsecured credit line, fund acquisitions, and for general corporate purposes.
Prior ATM agreements terminated; $1.5M in unsold shares remained under the old programs.
Commissions to sales agents capped at 2.0% of gross sales price per share sold.
Shares offered under an effective shelf registration statement filed November 12, 2024.

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