Business Context and Reporting Period
This Form 8-K is filed by Griffin-American Healthcare REIT IV, Inc. (noting the input metadata references "American Healthcare REIT, Inc.") on April 24, 2020. The registrant is an emerging growth company incorporated in Maryland. The report details a corporate action regarding shareholder distributions.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to the authorized distribution:
- Daily Distribution Rate: $0.001095890 per share.
- Annualized Distribution: $0.40 per share.
- Eligible Shareholders: Class T and Class I stockholders of record.
- Payment Method: Cash or reinvestment in common stock.
Material Changes
The material event reported is the Board of Directors' authorization of a daily distribution for the period of May 1, 2020, through May 31, 2020. Distributions will be aggregated and paid in June 2020, contingent upon the availability of legally available funds. No other material changes to operations or financial position are disclosed in this text.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on market conditions, or specific risk factors beyond the standard contingency that distributions are payable "only from legally available funds."
Investor Verification Checklist
- Verify the exact legal name of the registrant (Griffin-American Healthcare REIT IV, Inc.) versus the metadata provided.
- Confirm the record date for the May 2020 distribution period (daily record dates from May 1 to May 31).
- Check the company's liquidity status to ensure "legally available funds" exist for the June 2020 payment.
- Review the Distribution Reinvestment Plan terms for shareholders opting for stock instead of cash.