On May 25, 2023, Regional Health Properties Inc announced that it has commenced an offer to exchange any and all of its outstanding 10.875% Series A Cumulative Redeemable Preferred Shares for newly issued shares of the Company’s 12.5% Series B Cumulative Redeemable Preferred Shares, properly tendered prior to 11:59 PM, on June 27, 2023 and accepted by the Company, participating holders of Series A Preferred Stock will receive one share of Series B Preferred Stock. In addition, the Company stated that in connection with exchange offer, the Company is also soliciting proxies for use at its special meeting of the holders of Series A Preferred Stock and the holders of the Company’s common stock and Series E Redeemable Preferred Shares to approve certain amendments to the Company’s Amended and Restated Articles of Incorporation and related matters.