On December 5, 2019, Regional Health Properties, Inc. announced that on December 2, 2019, attorneys for Charles Frischer and four other holders of the Preferred Stock, who, together with Charles Frischer, hold 32.6% of the Preferred Stock, sent a letter demanding the Regional Health Properties, Inc. correct a misrepresentation in the Company's Proxy Statement. The Proxy Statement stated that no demand had been made for the special election of 2 additional directors by the holders of at least 25% of the Preferred Stock following a failure by the Company to pay dividends for any four consecutive or non-consecutive dividends period.