Omega Announces Common Stock Dividend and Declares Regular Quarterly Dividend on Preferred Stock

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Omega Healthcare Investors, Inc. (NYSE:OHI) today announced the Company's Board of Directors declared a common stock dividend of $0.30 per share and declared its regular quarterly dividend for the Company's Series D preferred stock.

Common Dividend

The Company's Board of Directors announced today a common stock dividend of $0.30 per share, to be paid November 16, 2009 to common stockholders of record on November 2, 2009. At the date of this release, the Company had approximately 85.1 million outstanding common shares.

Preferred Dividend

The Company's Board of Directors also declared its regular quarterly dividend for the Series D preferred stock, payable November 16, 2009 to preferred stockholders of record on November 2, 2009. Series D preferred stockholders of record will be paid dividends in the approximate amount of $0.52344 per preferred share. The liquidation preference for the Company's Series D preferred stock is $25.00 per share. Regular quarterly preferred dividends represent dividends for the period August 1, 2009 through October 30, 2009.

The Company is a real estate investment trust investing in and providing financing to the long-term care industry. At June 30, 2009, the Company owned or held mortgages on 254 SNFs and assisted living facilities with approximately 29,148 licensed beds (27,642 available beds) located in 28 states and operated by 25 third-party healthcare operating companies.

    Source: Omega Healthcare Investors, Inc.

Released October 20, 2009