National Healthcare Properties to convert Class A stock into common stock

National Healthcare Properties said all of its outstanding Class A common stock will automatically convert into common stock on a one-for-one basis, and the company set Oct. 19, 2026, for the new shares to start trading on the Nasdaq Global Market at 9:30 a.m. Eastern time.

For existing holders, the company said the move will not affect economic rights or its operations. It said the common stock carries the same preferences, rights, voting powers, restrictions, limits on dividends and other distributions, and redemption terms as the Class A common stock.

The conversion will happen automatically under the company’s charter documents, as amended or supplemented, and shareholders do not need to take any action. Cash will be paid instead of any fractional shares of Class A common stock, and once the conversion takes effect no Class A shares will remain issued or outstanding.

National Healthcare Properties said the common stock will have a new CUSIP of 42226B600. The company describes itself as a self-managed real estate investment trust focused on acquiring, owning and investing in healthcare real estate, with an emphasis on senior housing in the United States.