SEC Filing Summary: Griffin-American Healthcare REIT IV, Inc.
Business Context and Reporting Period
This Form 8-K was filed on March 15, 2019, by Griffin-American Healthcare REIT IV, Inc., a Maryland corporation and emerging growth company. The filing serves to disclose a Regulation FD investor update and the authorization of new daily distributions for Class T and Class I stockholders.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses on distribution mechanics rather than comprehensive financial performance data.
- Distribution Rate: $0.001643836 per share daily.
- Annualized Distribution: $0.60 per share.
- Payment Terms: Paid monthly in arrears in cash or reinvested shares.
Material Changes
The primary material event is the Board of Directors' authorization on March 15, 2019, to institute daily distributions for the period of April 1, 2019, through June 30, 2019. Additionally, the company issued a Fourth Quarter 2018 Investor Update Letter on March 20, 2019, which is attached as Exhibit 99.1 but not detailed within the body of this 8-K.
Outlook, Risks, and Contingencies
Management commentary is limited to the distribution announcement. The filing notes that distributions will be paid "only from legally available funds," indicating a contingency based on the company's liquidity position at the time of payment. No specific forward-looking guidance or risk factors are detailed in the text of this report.
Investor Verification Checklist
- Review Exhibit 99.1 (Fourth Quarter 2018 Investor Update Letter) for detailed financial performance and operational metrics not included in this summary.
- Verify the record dates for Class T and Class I stockholders to confirm eligibility for the April 1, 2019, start date.
- Confirm the company's "legally available funds" status prior to the first payment date in May 2019.
- Check for any subsequent filings regarding the actual payout amounts for the Q2 2019 period.