Shares of Health Care REIT (HCN) are down 5% premarket after it said late Monday it will sell...

|By:, SA News Editor

Shares of Health Care REIT (HCN) are down 5% premarket after it said late Monday it will sell another 7M shares. The proceeds will be used "for general corporate purposes, including investing in health care and senior housing properties and repaying borrowings under its unsecured line of credit and other outstanding indebtedness." (PR)