LTC Properties, Inc. 2,000,000 Shares (Liquidation Preference $25.00 Per Share) UNDERWRITING AGREEMENTUnderwriting Agreement • September 17th, 2003 • LTC Properties Inc • Real estate investment trusts • New York
LTC Properties, Inc., a corporation incorporated under the laws of the State of Maryland (the “Company”), proposes to issue and sell to the underwriters named in Schedule A annexed hereto (the “Underwriters”), for whom you are acting as representative, an aggregate of 2,000,000 shares (the “Firm Shares”) of the Company’s 8.5% Series E Cumulative Preferred Stock, $0.01 par value per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), of the Company, which shall be convertible into shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”) (as converted, the “Conversion Shares”). The initial price at which the Conversion Shares shall be convertible is $12.50 per Conversion Share. In addition, solely for the purpose of covering over-allotments, the Company proposes to grant to the Underwriters the option to purchase from the Company up to an additional 200,000 shares of Preferred Stock (the “Additional Shares”). The Firm Shares and th
