CareTrust REIT Launches Public Offering of Shares

MT Newswires Live
05/19

CareTrust REIT (CTRE) said late Monday it has commenced an underwritten public offering of 10 million shares in connection with forward sale agreements.

The firm said it expects to enter into separate forward sale agreements with Wells Fargo Securities and JPMorgan Securities.

The underwriters expect to be granted a 30-day option to buy up to an additional 1.5 million shares, the company added.

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