<SEC-DOCUMENT>0001558370-15-002728.txt : 20151120
<SEC-HEADER>0001558370-15-002728.hdr.sgml : 20151120
<ACCEPTANCE-DATETIME>20151120162033
ACCESSION NUMBER:		0001558370-15-002728
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20151120
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
FILED AS OF DATE:		20151120
DATE AS OF CHANGE:		20151120

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:		151246945

	BUSINESS ADDRESS:	
		STREET 1:		2829 TOWNSGATE ROAD
		STREET 2:		SUITE 350
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
		BUSINESS PHONE:		805-981-8655

	MAIL ADDRESS:	
		STREET 1:		2829 TOWNSGATE ROAD
		STREET 2:		SUITE 350
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ltc-20151120x8k.htm
<DESCRIPTION>8-K
<TEXT>
<!--HTML document created with Merrill Bridge  6.0.103.0-->
<!--Created on: 11/20/2015 3:18:35 PM-->
<html>
	<head>
		<title>
			ltc_currentdebtfolio_8k
		</title>
	</head>
	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;border-top:2pt double #000000 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<a name="_GoBack"></a><font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt;">
			<font style="display:inline;font-size:14pt;">UNITED STATES </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt;">
			<font style="display:inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt;">
			<font style="display:inline;font-size:14pt;">Washington, D.C.&nbsp;&nbsp;20459</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">__________</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 22pt;">
			<font style="display:inline;font-size:22.5pt;">FORM 8-K</font>
		</p>
		<p style="margin:0pt;text-indent:31.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 7pt;">
			<font style="display:inline;font-size:7.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">OF THE SECURITIES EXCHANGE ACT OF 1934</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">Date of report:</font><font style="display:inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;">&nbsp;</font><font style="display:inline;">November</font><font style="display:inline;">&nbsp;</font><font style="display:inline;">20</font><font style="display:inline;">, 201</font><font style="display:inline;">5</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">(Date of earliest event reported)</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 24pt;">
			<font style="display:inline;font-weight:bold;font-size:24pt;">LTC PROPERTIES, INC.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">(Exact name of Registrant as specified in its charter)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:171.90pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
						<font style="display:inline;">Maryland</font></p>
				</td>
				<td valign="top" style="width:157.50pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
						<font style="display:inline;">1-11314</font></p>
				</td>
				<td valign="top" style="width:135.90pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
						<font style="display:inline;">71-0720518</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:171.90pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">(State or other jurisdiction of</font></p>
				</td>
				<td valign="top" style="width:157.50pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">(Commission file number)</font></p>
				</td>
				<td valign="top" style="width:135.90pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">(I.R.S. Employer</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:171.90pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">incorporation or organization)</font></p>
				</td>
				<td valign="top" style="width:157.50pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:135.90pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Identification No)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">2829 Townsgate Road, Suite 350</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">Westlake Village, CA&nbsp;&nbsp;91361</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">(Address of principal executive offices)</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;">(805) 981-8655</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">(Registrant&#x2019;s telephone number, including area code)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">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 style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">[&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">[&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">[&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
		</p>
		<p style="margin:0pt;border-bottom:2pt double #000000 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;font-size:11pt;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;"><font style="display:inline;font-weight:bold;font-size:11pt;">Item 2.03. &#x2014; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">On </font><font style="display:inline;font-size:11pt;">November 20</font><font style="display:inline;font-size:11pt;">, 2015</font><font style="display:inline;font-size:11pt;">,</font><font style="display:inline;font-size:11pt;"> LTC Properties, Inc. </font><font style="display:inline;font-size:11pt;">sold $</font><font style="display:inline;font-size:11pt;">10</font><font style="display:inline;font-size:11pt;">0</font><font style="display:inline;font-size:11pt;">.0</font><font style="display:inline;font-size:11pt;"> million aggregate principal amount of </font><font style="display:inline;font-size:11pt;">4.26</font><font style="display:inline;font-size:11pt;">% senior unsecured notes</font><font style="display:inline;font-size:11pt;"> due </font><font style="display:inline;font-size:11pt;">November</font><font style="display:inline;font-size:11pt;">&nbsp;</font><font style="display:inline;font-size:11pt;">20</font><font style="display:inline;font-size:11pt;">,</font><font style="display:inline;font-size:11pt;">&nbsp;</font><font style="display:inline;font-size:11pt;">20</font><font style="display:inline;font-size:11pt;">28</font><font style="display:inline;font-size:11pt;"> to </font><font style="display:inline;font-size:11pt;">affiliated insurance company investment advisory clients of AIG Asset Management (U.S.), LLC (&#x201C;AIG&#x201D;).</font><font style="display:inline;font-size:11pt;">&nbsp;</font><font style="display:inline;font-size:11pt;">The Company expects to use the proceeds of the notes </font><font style="display:inline;font-size:11pt;">for acquisitions, investments, </font><font style="display:inline;font-size:11pt;">to pay down its unsecured revolving line of credit</font><font style="display:inline;font-size:11pt;"> and for general corporate purposes. </font><font style="display:inline;font-size:11pt;">The sale of notes</font><font style="display:inline;font-size:11pt;"> was made pursuant to the Company&#x2019;s</font><font style="display:inline;font-size:11pt;"> Note Purchase and Private Shelf A</font><font style="display:inline;font-size:11pt;">greem</font><font style="display:inline;font-size:11pt;">ent</font><font style="display:inline;font-size:11pt;"> (&#x201C;Agreement&#x201D;)</font><font style="display:inline;font-size:11pt;"> with </font><font style="display:inline;font-size:11pt;">AIG</font><font style="display:inline;font-size:11pt;"> dated </font><font style="display:inline;font-size:11pt;">August 4</font><font style="display:inline;font-size:11pt;">, 2015</font><font style="display:inline;font-size:11pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">The notes sold under the Agreement are subject to covenants that are substantially similar to the covenants in the Company&#x2019;s existing credit facility, including requirements to maintain financial ratios such </font><font style="display:inline;font-size:11pt;">as debt to asset value ratios.&nbsp;</font><font style="display:inline;font-size:11pt;">Under the Agreement, maximum total indebtedness shall not exceed 50% of total asset valu</font><font style="display:inline;font-size:11pt;">e as defined in the Agreement.&nbsp;</font><font style="display:inline;font-size:11pt;">Borrowings under the Agreement are limited by reference to the value of unencumbered assets and maximum unsecured debt shall not exceed 60% of the unencumbered asset value as defined in the Agreement.</font><font style="display:inline;font-size:11pt;">&nbsp;</font><font style="display:inline;font-size:11pt;">Other similar covenants include limitations on the Company&#x2019;s and its subsidiaries&#x2019; abilities to (i) incur liens, (ii) make investments, (iii)&nbsp;engage in mergers or consolidations or sell its properties, and (iv) enter agreements that restrict its subsidiaries&#x2019; ability to make dividend pay</font><font style="display:inline;font-size:11pt;">ments or loans to the Company.&nbsp;</font><font style="display:inline;font-size:11pt;">The Company&#x2019;s assets, whether or not owned by subsidiaries, are subject to the Company&#x2019;s obligations</font><font style="display:inline;font-size:11pt;">.</font><font style="display:inline;font-size:11pt;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">The foregoing description of the </font><font style="display:inline;font-size:11pt;">Agreement</font><font style="display:inline;font-size:11pt;"> is qualified in i</font><font style="display:inline;font-size:11pt;">ts entirety by reference to the </font><font style="display:inline;font-size:11pt;">Agreement, which was filed as an exhibit to the Company&#x2019;s Quarterly Report on Form 10-Q filed </font><font style="display:inline;font-size:11pt;">on </font><font style="display:inline;font-size:11pt;">August 5</font><font style="display:inline;font-size:11pt;">, 2015</font><font style="display:inline;font-size:11pt;">.</font><font style="display:inline;font-size:11pt;"> &nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;font-size:11pt;"></font><font style="display:inline;font-weight:bold;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt;"><font style="display:inline;font-weight:bold;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;">Pursuant to the requirements of Section 13 or 15(d) of the 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="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:250pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display:inline;font-size:11pt;"></font></font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:50.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:50.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:49.58%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">LTC PROPERTIES,&nbsp;INC.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:50.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.16%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:50.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.16%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:50.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Dated: November&nbsp;2</font><font style="display:inline;font-size:11pt;">0</font><font style="display:inline;font-size:11pt;">, 2015</font></p>
				</td>
				<td valign="top" style="width:04.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">By:</font></p>
				</td>
				<td valign="top" style="width:45.16%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">/s/ WENDY L. SIMPSON</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:50.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.16%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Wendy L. Simpson</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:50.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:04.42%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.16%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Chairman, CEO&nbsp;&amp; President</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
	</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
