Sunday, Sep 25, 2016
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Health Care REIT plans to issue 5 million shares

Health Care REIT Inc., a Toledo real estate investment trust, said yesterday it intends to offer 5 million new shares and will use the money to retire $53 million in mortgages and to invest in new properties.

It gave no specific time frame for the offering and said the underwriters would have an option to purchase additional shares. The company, based in downtown Toledo, is part of the Standard and Poor s 500 stock index.

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