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<SEC-DOCUMENT>0001157523-10-004959.txt : 20100810
<SEC-HEADER>0001157523-10-004959.hdr.sgml : 20100810
<ACCEPTANCE-DATETIME>20100810090019
ACCESSION NUMBER:		0001157523-10-004959
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20100809
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100810
DATE AS OF CHANGE:		20100810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LTC PROPERTIES INC
		CENTRAL INDEX KEY:			0000887905
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				710720518
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11314
		FILM NUMBER:		101003583

	BUSINESS ADDRESS:	
		STREET 1:		31365 OAK CREST DRIVE
		STREET 2:		SUITE 200
		CITY:			WESTLAKE VILLIAGE
		STATE:			CA
		ZIP:			91361
		BUSINESS PHONE:		805-981-8655

	MAIL ADDRESS:	
		STREET 1:		31365 OAK CREST DRIVE
		STREET 2:		SUITE 200
		CITY:			WESTLAKE VILLIAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6390824.htm
<DESCRIPTION>LTC PROPERTIES, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman">UNITED STATES</font><br><font style="font-size: 16pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT PURSUANT TO SECTION 13 OR 15(D)</font><br><font style="font-size: 12pt; font-family: Times New Roman">OF
      THE SECURITIES EXCHANGE ACT OF 1934</font><br><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of report: August 9, 2010</font><br><font style="font-size: 10pt; font-family: Times New Roman">(Date
      of earliest event reported)</font><br><br><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>LTC&#160;PROPERTIES,&#160;INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of Registrant as specified in its charter)</font><br><br><br>
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Maryland
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1-11314
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            71-0720518
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            incorporation or organization)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission file number)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            31365 Oak Crest Drive, Suite 200
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Westlake Village, CA&#160;&#160;91361
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">(805)
      981-8655</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">(Registrant&#8217;s
      telephone number, including area code)</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2. below):</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c)) </font>
    </p>
    <hr style="color: #000000; text-align: center; width: 100%; height: 1.0 pt">
    <hr style="color: #000000; text-align: center; width: 100%; height: 1.0 pt">


    <p>

    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 8.01 &#8212; Other Events</b><br>
    </p>
    <p style="text-align: justify">
      The Company issued a notice of redemption on August 10, 2010 of 37,816
      shares of its 8.5% Series E Cumulative Convertible Preferred Stock
      representing all of the total number of outstanding shares of the Series
      E Cumulative Convertible Preferred Stock.&#160;&#160;The redemption date will be
      September 9, 2010 and the redemption price will be $25.00 per share plus
      accrued and unpaid dividends for a total of $25.4191 per share.&#160;&#160;
    </p>
    <p style="text-align: justify">
      The Company also issued a notice of partial redemption on August 10,
      2010 of 2,357,686 shares of the Company&#8217;s 8.0% Series F Cumulative
      Preferred Stock representing forty percent (40%) of the total number of
      outstanding shares of the Series F Cumulative Preferred Stock.&#160;&#160;The
      redemption date will be September 9, 2010 and the redemption price will
      be $25.00 per share plus accrued and unpaid dividends for a total of
      $25.3889 per share.&#160;&#160;
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 9.01. &#8212; Financial Statements and Exhibits</b><br>
    </p>
    <p style="text-align: justify">
      (a) Financial Statements of Business Acquired.<br>
    </p>
    <p style="text-align: justify">
      None.<br>
    </p>
    <p style="text-align: justify">
      (b) Pro Forma Financial Information<br>
    </p>
    <p style="text-align: justify">
      None.<br>
    </p>
    <p style="text-align: justify">
      (d) Exhibits.<br>
    </p>
    <p style="text-align: justify">
      99.1&#160;&#160;&#160;&#160;&#160;Press Release issued August 9, 2010.<br>99.2&#160;&#160;&#160;&#160;&#160;Notice
      Of Redemption To the Holders of LTC Properties, Inc. 8.5% Series E
      Cumulative Convertible Preferred Stock<br>99.3&#160;&#160;&#160;&#160;&#160;Notice Of Partial
      Redemption To the Holders of LTC Properties, Inc. 8.0% Series F
      Cumulative Preferred Stock<br>
    </p>
    <p style="white-space: nowrap">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of </font>Section 13 or 15(d) of the <font style="font-size: 10pt; font-family: Times New Roman">Securities
      Exchange Act of 1934, the Registrant has duly caused this report to be
      signed on its behalf by the undersigned, hereunto duly authorized.</font>
    </p>
    <p style="text-align: left">
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            LTC PROPERTIES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 45%" valign="top">
          August 10, 2010
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/&#160;&#160;WENDY L. SIMPSON</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Wendy L. Simpson
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            CEO &amp; President
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6390824ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>LTC
      Announces Redemption of 8.5% Series&#160;E Cumulative Convertible Preferred
      Stock and Forty Percent (40%) Redemption of 8.0% Series&#160;F Cumulative
      Preferred Stock</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--August 9, 2010--LTC
      Properties, Inc. (NYSE:LTC) announced today that it will call for a
      redemption on August 10, 2010 of 37,816 shares of its 8.5% Series&#160;E
      Cumulative Convertible Preferred Stock (NYSE: LTC PrE) (the &#8220;Series&#160;E
      Preferred Stock&#8221;) representing all of the outstanding shares of Series&#160;E
      Preferred Stock. The redemption date of the Series&#160;E Preferred Stock
      will be September 9, 2010 (the &#8220;Redemption Date&#8221;), and the redemption
      price will be $25.00 per share of Series&#160;E Preferred Stock, plus accrued
      and unpaid dividends, up to and including the Redemption Date for a
      total of $25.4191 per share (the &#8220;Redemption Price&#8221;).
    </p>
    <p>
      The conversion price of the Series E Preferred Stock is $12.50. Each
      share of Series E Preferred Stock is currently convertible into two (2)
      shares of the Company&#8217;s common stock. The closing price of the Company&#8217;s
      common stock on the NYSE on August 6, 2010 was $24.97 per share. The
      right of holders of shares of Series E Preferred Stock to exercise their
      conversion right with respect to shares called for redemption shall
      terminate at the close of business on August 30, 2010, the tenth day
      prior to the redemption date.
    </p>
    <p>
      In addition, LTC also announced today that it will call for a redemption
      on August 10, 2010 of 2,357,686 shares of its 8.0% Series&#160;F Cumulative
      Preferred Stock (NYSE: LTC PrF) (the &#8220;Series&#160;F Preferred Stock&#8221;)
      representing forty percent (40%) of the outstanding shares of Series&#160;F
      Preferred Stock. The redemption date of the Series&#160;F Preferred Stock
      will be September 9, 2010 (the &#8220;Redemption Date&#8221;), and the redemption
      price will be $25.00 per share of Series&#160;F Preferred Stock, plus accrued
      and unpaid dividends, up to the Redemption Date for a total of $25.3889
      per share (the &#8220;Redemption Price&#8221;).
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The Series&#160;F Preferred Stock called for redemption will be redeemed, as
      to registered shareholders, on a pro rata basis, as nearly as
      practicable. Shareholders who hold shares of Series&#160;E and Series&#160;F
      Preferred Stock through the Depository Trust Company will be redeemed in
      accordance with the Depository Trust Company&#8217;s procedures. On or before
      the Redemption Date, the funds necessary for the redemption of all the
      shares of Series&#160;E Preferred Stock and the 2,357,686 shares of Series&#160;F
      Preferred Stock will have been set aside by the Company in trust for the
      benefit of the holders thereof. Subject to applicable escheat laws, any
      moneys set aside by the Company and unclaimed at the end of two years
      from the Redemption Date will revert to the general funds of the
      Company, after which reversion the holders of the shares of the Series&#160;E
      and Series&#160;F Preferred Stock called for redemption may look only to the
      general funds of the Company for the payment of the Redemption Price.
    </p>
    <p>
      After the Redemption Date, dividends on such Series&#160;E and Series&#160;F
      Preferred Stock will cease to accrue on such shares and such shares of
      Series&#160;E and Series&#160;F Preferred Stock shall no longer be deemed
      outstanding and all rights of the holders in respect of such Series&#160;E
      and Series&#160;F Preferred Stock being redeemed will terminate, except for
      the right to receive the Redemption Price, without interest thereon.
    </p>
    <p>
      Shareholders of Series&#160;F Preferred Stock need take no action with
      respect to their shares of Series&#160;F Preferred Stock not being called for
      redemption.
    </p>
    <p>
      The notice of redemption and related materials will be mailed to
      registered holders of the Series&#160;E and Series&#160;F Preferred Stock called
      for redemption on or about August 10, 2010. Shares of the Series&#160;E and
      Series&#160;F Preferred Stock called for redemption are to be surrendered to
      American Stock Transfer &amp; Trust Company, LLC, as redemption agent, for
      payment of the Redemption Price, by mail, by hand or by overnight
      delivery at the addresses set forth in the letter of transmittal that
      will accompany the notice of redemption. Questions relating to, and
      requests for additional copies of, the notice of redemption and the
      related materials should be directed to American Stock Transfer &amp; Trust
      Company, LLC at 877-248-6417.
    </p>
    <p>
      The Company is a self-administered real estate investment trust that
      primarily invests in senior housing and long-term care facilities
      through mortgage loans, facility lease transactions and other
      investments. For more information on LTC Properties, Inc., visit the
      Company&#8217;s website at <u>www.LTCProperties.com</u>.
    </p>
    <p>
      This press release includes statements that are not purely historical
      and are &#8220;forward looking statements&#8221; within the meaning of Section 27A
      of the Securities Act of 1933, as amended, and Section 21E of the
      Securities Exchange Act of 1934, as amended, including statements
      regarding the Company&#8217;s expectations, beliefs, intentions or strategies
      regarding the future. All statements other than historical facts
      contained in this press release are forward looking statements. These
      forward looking statements involve a number of risks and uncertainties.
      All forward looking statements included in this press release are based
      on information available to the Company on the date hereof, and the
      Company assumes no obligation to update such forward looking statements.
      Although the Company&#8217;s management believes that the assumptions and
      expectations reflected in such forward looking statements are
      reasonable, no assurance can be given that such expectations will prove
      to have been correct. The actual results achieved by the Company may
      differ materially from any forward looking statements due to the risks
      and uncertainties of such statements.
    </p>
    <p>
      CONTACT:<br>LTC Properties, Inc.<br>Wendy L. Simpson, CEO &amp; President<br>Pam
      Kessler, SVP &amp; CFO<br>(805) 981-8655
    </p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>a6390824ex992.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">

    </p>
    <p style="text-align: right">
      <b>EXHIBIT 99.2</b>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <u><b>NOTICE OF REDEMPTION</b></u><br>
    </p>
    <p style="text-align: center">
      To the Holders of<br>
    </p>
    <p style="text-align: center">
      <b>LTC PROPERTIES, INC.</b><br>
    </p>
    <p style="text-align: center">
      8.5% Series E Cumulative Convertible Preferred Stock<br>
    </p>
    <p style="text-align: center">
      CUSIP No. 502175 508<br>
    </p>
    <p>

    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      NOTICE IS HEREBY GIVEN BY LTC PROPERTIES, INC. (THE &#8220;COMPANY&#8221;), pursuant
      to the provisions of the Company&#8217;s Articles Supplementary Classifying
      the 8.5% Series&#160;E Cumulative Convertible Preferred Stock (the &#8220;Series E
      Preferred Stock&#8221;), that the Company is redeeming 37,816 shares of Series
      E Preferred Stock representing all outstanding shares of the Series E
      Preferred Stock and such shares are hereby called for redemption on
      September 9, 2010 (the &#8220;Redemption Date&#8221;).&#160;&#160;The redemption will be in
      accordance with the Depository Trust Company&#8217;s procedures.&#160;&#160;Upon
      presentation and surrender of certificates for the Series E Preferred
      Stock, bearing any necessary stock transfer tax stamps thereto affixed
      and cancelled and properly endorsed in blank for transfer or accompanied
      by proper instruments of assignment or transfer in blank, on or after
      the Redemption Date at the address of the Redemption Agent described
      below, the Series E Preferred Stock will be redeemed at the redemption
      price of $25.00 per share plus accrued and unpaid dividends payable up
      to and including the Redemption Date for a total of $25.4191 per share
      (the &#8220;Redemption Price&#8221;).&#160;&#160;
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      After the Redemption Date, dividends on such Series E Preferred Stock
      will cease to accrue on such shares and such shares of Series E
      Preferred Stock shall no longer be deemed outstanding and all rights of
      the holders in respect of such Series E Preferred Stock being redeemed
      will terminate, except for the right to receive the Redemption Price,
      without interest thereon.
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      Payment will be made upon presentation and surrender of the certificates
      as aforesaid on or after the Redemption Date at the principal office of
      the Redemption Agent:
    </p>
    <p style="margin-left: 150.0px">
      American Stock Transfer &amp; Trust Company, LLC<br>6201 15th Avenue<br>Brooklyn,
      NY 11219<br>Attn: Reorganization Dept.<br>Telephone: 877-248-6417
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      Under the provisions of the Interest and Dividend Tax Compliance Act of
      1983, Paying Agents may be obligated to withhold 28% of the redemption
      price from any shareholder who has failed to furnish the Paying Agent
      with a valid taxpayer identification number and a certification that
      such shareholder is not subject to backup withholding under that
      Act.&#160;&#160;Shareholders who wish to avoid the application of these provisions
      should submit a completed W-9 when presenting their certificates.
    </p>
    <p style="text-align: center">
      <b>LTC PROPERTIES, INC.</b>
    </p>
    <p style="text-align: justify">
      August 10, 2010
    </p>
    <p style="text-align: left">

    </p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>a6390824ex993.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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    </p>
    <p style="text-align: right">
      <b>EXHIBIT 99.3</b>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <u><b>NOTICE OF PARTIAL REDEMPTION</b></u><br>
    </p>
    <p style="text-align: center">
      To the Holders of<br>
    </p>
    <p style="text-align: center">
      <b>LTC PROPERTIES, INC.</b><br>
    </p>
    <p style="text-align: center">
      8.0% Series&#160;F Cumulative Preferred Stock<br>
    </p>
    <p style="text-align: center">
      CUSIP No. 502175 607<br>
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      NOTICE IS HEREBY GIVEN BY LTC PROPERTIES, INC. (THE &#8220;COMPANY&#8221;), pursuant
      to the provisions of the Company&#8217;s Articles Supplementary Classifying
      the 8.0% Series&#160;F Cumulative Preferred Stock (the &#8220;Series&#160;F Preferred
      Stock&#8221;), that the Company is redeeming 2,357,686 shares of Series&#160;F
      Preferred Stock representing forty percent (40%) of the total
      outstanding shares of the Series&#160;F Preferred Stock and such shares are
      hereby called for redemption on September 9, 2010 (the &#8220;Redemption
      Date&#8221;).&#160;&#160;The Series F Preferred Stock called for redemption will be
      redeemed, as to registered shareholders, on a pro rata basis, as nearly
      practicable. Shareholders who hold shares of Series F Preferred Stock
      through the Depository Trust Company will be redeemed in accordance with
      the Depository Trust Company&#8217;s procedures. Upon presentation and
      surrender of certificates for the Series&#160;F Preferred Stock, bearing any
      necessary stock transfer tax stamps thereto affixed and cancelled and
      properly endorsed in blank for transfer or accompanied by proper
      instruments of assignment or transfer in blank, on or after the
      Redemption Date at the address of the Redemption Agent described below,
      the Series&#160;F Preferred Stock will be redeemed at the redemption price of
      $25.00 per share plus accrued and unpaid dividends payable up to the
      Redemption Date for a total of $25.3889 per share.&#160;&#160;
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      After the Redemption Date, dividends on such Series&#160;F Preferred Stock
      will cease to accrue on such shares and such shares of Series&#160;F
      Preferred Stock shall no longer be deemed outstanding and all rights of
      the holders in respect of such Series&#160;F Preferred Stock being redeemed
      will terminate, except for the right to receive the Redemption Price,
      without interest thereon.
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      Shareholders of Series&#160;F Preferred Stock need take no action with
      respect to their shares of Series&#160;F Preferred Stock not being called for
      redemption.
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      Payment will be made upon presentation and surrender of the certificates
      as aforesaid on or after the Redemption Date at the principal office of
      the Redemption Agent:
    </p>
    <p style="margin-left: 150.0px">
      American Stock Transfer &amp; Trust Company, LLC<br>6201 15th Avenue<br>Brooklyn,
      NY 11219<br>Attn: Reorganization Dept.<br>Telephone: 877-248-6417
    </p>
    <p style="text-align: justify; text-indent: 60.0px">
      Under the provisions of the Interest and Dividend Tax Compliance Act of
      1983, Paying Agents may be obligated to withhold 28% of the redemption
      price from any shareholder who has failed to furnish the Paying Agent
      with a valid taxpayer identification number and a certification that
      such shareholder is not subject to backup withholding under that
      Act.&#160;&#160;Shareholders who wish to avoid the application of these provisions
      should submit a completed W-9 when presenting their certificates.
    </p>
    <p style="text-align: center">
      <b>LTC PROPERTIES, INC.</b>
    </p>
    <p style="text-align: justify">
      August 10, 2010
    </p>
    <p style="text-align: left">

    </p>
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</DOCUMENT>
</SEC-DOCUMENT>
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