Board OKs Continued Repurchase of LTC Stock
The board of directors for LTC Properties in Oxnard has approved the continued repurchase of its common stock.
Purchases will be made in the open market or in negotiated transactions from time to time as management may decide. The board believes that the company’s shares represent an appropriate investment at this time.
The company is a real estate investment trust that invests in long-term care and other health care-related facilities through mortgage loans, facility lease transactions and other investments.
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