KENNETT SQUARE, Pa., July 16 /PRNewswire/ -- ElderTrust (NYSE: ETT), an
equity healthcare REIT, today announced that its Board of Trustees had
authorized the payment on or about August 13, 1999, to shareholders of record
on July 30, 1999, of a quarterly distribution, covering the second quarter
ended June 30, 1999, of $0.365 per share.
ElderTrust is a real estate investment trust that invests in real estate
properties used in the healthcare services industry, principally along the
East Coast of the United States. Since commencing operations in January of
1998, the Company has acquired direct and indirect interests in 31 buildings
and has loaned $52 million in construction and term financing on 9 additional
healthcare facilities.
Certain matters discussed within this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities Act of
1995. Although ElderTrust believes the expectations reflected in such
forward-looking statements are reasonable assumptions, it can give no
assurance that its expectations will be attained. Factors that could cause
actual results to differ materially from ElderTrust's expectations include
real estate conditions, information determined in the course of due diligence
review, changes in the economic conditions and other risks detailed from time
to time in the Company's SEC reports and filings. The Company assumes no
obligation to update or supplement forward-looking statements that become
untrue because of subsequent events.
For more information on ElderTrust via fax at no charge, please dial
1-800-PRO-INFO and enter ticker symbol ETT, or visit ElderTrust's Web site at
http://www.eldertrust.com .
SOURCE ElderTrust
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Related links:
http://www.eldertrust.com
CONTACT:
D. Lee McCreary, Jr., Senior Vice President &
Chief Financial Officer of ElderTrust, 610-925-4200
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