NEWTON, Mass.--Senior Housing Properties Trust (NYSE: SNH) has announced that SNH Capital Trust I, an unconsolidated subsidiary of SNH, will redeem all $27.4 million of its outstanding 10.125% Trust Preferred Securities (CUSIP No.: 78460V209 and NYSE: SNHPrZ). Notice of the redemption was previously provided to the trustee of the Trust Preferred Securities. The record date for the redemption is May 31, 2006. The redemption is expected to occur on June 15, 2006. The redemption price is $25 per Trust Preferred Security, plus accrued and unpaid distributions to the date of redemption. Distributions will cease to accrue on the Trust Preferred Securities as of the redemption date. Copies of the notice of redemption may be obtained by calling the redemption agent, U.S. Bank National Association, at (617) 603-6605.
A Maryland Real Estate Trust with transferable shares of beneficial interest listed on the New York Stock Exchange. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Senior Housing Properties Trust
Timothy A. Bonang
617-796-8149
Manager of Investor Relations
www.snhreit.com