SCHEDULE 13D/A: Major Shareholder Charles Frischer Increases Stake in Regional Health Properties Preferred Stock to Over 20%

Charles Frischer and the Libby Frischer Family Partnership have filed Amendment No. 11 to their Schedule 13D, disclosing an aggregate beneficial ownership of 20.8% of Regional Health Properties, Inc.'s Series A Cumulative Redeemable Preferred Stock.

Summary

• Charles Frischer and the Libby Frischer Family Partnership have filed Amendment No. 11 to their Schedule 13D, updating their beneficial ownership in Regional Health Properties, Inc.
• As of February 11, 2025, Charles Frischer directly or through his IRA owns 468,673 Series A Preferred Shares and 100,501 Common Shares.
• The Libby Frischer Family Partnership directly owns 11,000 Series A Preferred Shares.
• Charles Frischer, as the sole general partner of the Partnership, indirectly beneficially owns the Partnership's 11,000 Series A Preferred Shares.
• Combined, Charles Frischer indirectly beneficially owns a total of 479,673 Series A Preferred Shares, representing approximately 20.8% of the total outstanding Series A Preferred Shares.
• Mr. Frischer's ownership of Common Shares represents 5.3% of the outstanding Common Shares.
• These percentages are based on 2,252,000 Series A Preferred Shares and 1,879,249 Common Shares outstanding as of November 19, 2024, as reported in the Issuer's latest 10-Q.
• The reporting persons are considered a 'group' for Rule 13d-5 purposes, implying shared voting and dispositive power over each other's shares, though each disclaims beneficial ownership of the other's shares, with the exception of Mr. Frischer's beneficial ownership of the Partnership's shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without explicit positive or negative commentary on the issuer's performance or prospects.

Positives

• Increased significant shareholder stake (Charles Frischer) in the company's preferred stock, potentially indicating confidence in the preferred equity's value or income stream.
• The filing provides transparency regarding a major shareholder's position.

Negatives

• The document itself does not present any negative operational or financial information about the issuer, as it is primarily a disclosure of ownership.

Risks

• The document does not explicitly mention risks related to the issuer's operations or financial health, as it is a disclosure of ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides updated transparency on a significant shareholder's stake, particularly in preferred stock, which could influence investor perception of control or stability.

Key Dates

Keywords

Regional Health Properties Inc., Schedule 13D, beneficial ownership, preferred stock, Series A Cumulative Redeemable Preferred Stock, Charles Frischer, Libby Frischer Family Partnership, shareholder stake, SEC filing, corporate governance, investment disclosure