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Senior Housing Properties Trust Announces Declaration of Five Star Senior Living Inc. Share Payment Dividend

NEWTON, Mass.--(BUSINESS WIRE)--Senior Housing Properties Trust (Nasdaq: SNH) today announced that its Board of Trustees has declared the pro rata distribution of the right to receive Five Star Senior Living Inc. (Nasdaq: FVE or “Five Star”) shares of common stock (the “Five Star Share Payment Dividend”) payable to the holders of record of SNH’s outstanding common shares of beneficial interest as of 5:00 p.m., Eastern Time, on December 13, 2019. The Five Star Share Payment Dividend and the related Five Star common share issuances are expected to occur on January 1, 2020, subject to possible extension to January 1, 2021.