secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001104659-24-117816
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465924117816/0001104659-24-117816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465924117816/tm2426442d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-117816

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