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BRIEF-HCP board approves spin-off of Quality Care Properties Inc
October 13, 2016 / 9:36 PM / a year ago

BRIEF-HCP board approves spin-off of Quality Care Properties Inc

Oct 13 (Reuters) - Hcp Inc

* board of directors approves spin-off of Quality Care Properties, Inc.

* spin-off to be effected through pro rata distribution of shares of QCP to HCP’s stockholders of record as of close of business on october 24

* following spin-off, HCP will continue to be listed on new york stock exchange under symbol “HCP”

* each HCP stockholder will receive one share of QCP common stock for every five shares of HCP common stock held on record date

* following spin-off, QCP will list its common stock on nyse under symbol “QCP.” Source text for Eikon: Further company coverage:

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