LTC Properties enters $500M ATM equity program, replaces $400M program

LTC PROPERTIES INC

New Equity Distribution Agreement allows sale of up to $500M of common stock at market.
Prior $400M ATM program terminated; $90M remained unsold at termination.
Proceeds to repay unsecured credit line, fund acquisitions, and general corporate purposes.
Sales agents include Citizens JMP, KeyBanc, Wells Fargo, Huntington, RBC, BTIG, Nomura, M&T Securities.
Forward sale agreements may be used; commissions up to 2% of gross sales price.

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