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SUBSEQUENT EVENTS

9 Months Ended

Jan. 31, 2017

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE 13 • SUBSEQUENT EVENTS

Common and Preferred Share Distributions. On March 7, 2017, our Board of Trustees declared the following distributions:

		Quarterly Amount
Class of shares/units		per Share or Unit			Record Date		Payment Date
Common shares and limited partnership units		$	0.0700		March 20, 2017		April 3, 2017
Preferred shares:
Series B		$	0.4968		March 20, 2017		March 31, 2017

Completed Dispositions.  On February 1, 2017, we sold five senior housing properties for a sale price of $49.6 million. On February 15, 2017, we sold nine senior housing properties for a sale price of $30.7 million. On March 1, 2017, we sold four senior housing properties for a sale price of $35.3 million. On March 6, 2017, we sold a healthcare property in for a sale price of $20.7 million.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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