Medical Properties Trust authorizes $500M stock buyback through Oct 2023

MEDICAL PROPERTIES TRUST INC

Board authorized repurchase of up to $500M of common stock through Oct 10, 2023.
Repurchases may be made via open market, private transactions, or derivative contracts.
Funding primarily from cash on hand, operating cash flow, loan repayments, and dispositions.
Company is under no obligation to repurchase; may suspend or terminate at any time.
Repurchases expected to be materially neutral to MPT's leverage ratio.

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