Sentio Healthcare Board Recommends Shareholders Reject Mackenzie Tender Offer

February 17, 2016

Feb 16 2016 | Article by: The DI Wire

Figuring the cost of healthcareSentio Healthcare Properties, a publicly registered non-traded real estate investment trust, announced that its board of directors unanimously determined that the tender offer made by Mackenzie Realty Capital is not in the best interests of Sentio or its stockholders.

As reported by The DI Wire earlier this month, MacKenzie Realty Capital Inc., a non-traded business development company, made a tender offer for 600,000 shares of Sentio common stock for $5.00 per share. The offer expires on March 18, 2016.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.