On October 8, 2024, Welltower Inc. (WELL, Financial), a Delaware corporation, announced the filing of a prospectus supplement with the Securities and Exchange Commission. This supplement is linked to the prospectus dated April 1, 2022, which is part of the company's automatic shelf registration statement on Form S-3 (No. 333-264093), as amended.
The prospectus supplement pertains to the registration of up to 23,471,419 shares of Welltower's common stock, each with a par value of $1.00. These shares may be issued under specific conditions upon the exchange of the company's 2.750% Exchangeable Senior Notes due 2028 or 3.125% Exchangeable Senior Notes due 2029, issued by Welltower OP LLC, a Delaware limited liability company. Additionally, the supplement allows for the resale of these shares by the recipients from time to time.
This strategic move by Welltower Inc. aims to provide flexibility in managing its capital structure and potentially enhance liquidity for its shareholders. Investors and stakeholders are encouraged to review the full prospectus supplement for detailed information regarding the terms and conditions of the share registration and potential issuance.
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