Physicians Realty Trust (NYSE:DOC) (the “Company”), a self-managed healthcare real estate company, announced today that it has adopted a Dividend Reinvestment and Share Purchase Plan (the "Plan"). Under the Plan:
- Existing shareholders may purchase additional common shares by reinvesting all or a portion of the dividends paid on their common shares and by making optional cash payments of not less than $50 and up to a maximum of $10,000 per month.
- New investors may join the Plan by making an initial investment of not less than $1,000 and up to a maximum of $10,000.
- Once enrolled in the Plan, participants may authorize electronic deductions from their bank account for optional cash payments to purchase additional shares.
Governor Tommy G. Thompson, Chairman of the Board of Trustees, stated, “We are pleased to be able to offer a dividend reinvestment plan to our existing and future shareholders. This plan complements our goal of providing investors with long-term value and will enable them to participate more directly in the Company’s future successes. To date, we have distributed more than $31 million in dividends, and we remain committed to creating further value for our shareholders through the distribution of additional dividends as we continue to grow our business.”
The Plan is administered by the Company’s transfer agent, Computershare Trust Company, N.A. (the “Administrator”). The Company’s common shares sold under the Plan will be newly issued or purchased in the open market, as further described in the Plan. Shareholders and other persons may enroll in the Plan, obtain information (including a copy of the Plan prospectus) and perform certain transactions on-line via Investor Centre, which can be accessed by visiting the Computershare website at: www.computershare.com/investor. Also, you can contact customer service representatives of the Administrator at 1-800-522-6645 (if you are inside the United States or Canada) or 1-201-680-6578. An automated voice response system is available 24 hours a day, 7 days a week. Customer service representatives are available from 9:00 a.m. to 5:00 p.m., Eastern Standard Time, Monday through Friday (except holidays).
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The offer is being made solely through the Plan prospectus, which is part of the Company’s registration statement on Form S-3 (File No. 333-198400) declared effective by the Securities and Exchange Commission on November 13, 2014.
About Physicians Realty Trust
Physicians Realty Trust (NYSE: DOC), a self-managed healthcare real estate company was organized in 2013 to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company is a Maryland real estate investment trust and elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes beginning with its short taxable year ended December 31, 2013. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the “operating partnership”), directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of October 1, 2014, owns approximately 93.7% of the partnership interests in the operating partnership.
The Company had no business operations prior to completion of its initial public offering (the “IPO”) on July 24, 2013. The Company’s predecessor, which is not a legal entity, is comprised of the four healthcare real estate funds managed by B.C. Ziegler & Company ("Ziegler"), which are referred to as the Ziegler Funds, that owned directly or indirectly interests in entities that owned the initial properties the Company acquired through the operating partnership on July 24, 2013 in connection with completion of the IPO and related formation transactions.
Investors are encouraged to visit the Investor Relations portion of the Company’s website (www.docreit.com) for additional information, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, press releases, supplemental information packages and investor presentations.
John T. Thomas
President and CEO
Executive Vice President and CFO
The Ruth Group
David Burke/Carol Ruth