DHC discloses $17.9M incentive fee for 2025, receives $27.2M dividend from AlerisLife wind-down

DIVERSIFIED HEALTHCARE TRUST

Incentive management fee of $17.9M incurred for 2025, payable in cash by Jan 30, 2026.
Fee based on total shareholder return exceeding MSCI U.S. REIT/Health Care REIT Index over 3 years.
Received $27.2M cash dividend from AlerisLife on Jan 9, 2026 from asset sale and wind-down.
Expects additional $3.0M-$7.0M dividend upon completion of AlerisLife wind-down.

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