On June 21, 2023, Charles Frischer announced that he has determined that he believed that while not perfect, the Exchange Offer proposed by the Regional Health Properties Inc is the best option for Series A Preferred holders and he has elected to support the Exchange Offer due to the improvements made for Series A Preferred holders and have already voted their Series A Preferred Shares and Common Shares in favor of the Exchange Offer, it is Mr. Frischer’s belief that this Exchange Offer, with the improvements made by the Company for Series A Preferred holders, is fair and reasonable. Further, Mr. Frischer feels the Exchange Offer represents an opportunity for additional liquidity for Series A Preferred shareholders and chance for holders of Common Shares to maximize their holdings and with this exchange offer believes the Company is in an excellent position to sell all or a portion of its assets in order to generate capital in order to buyback preferred shares.