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Welltower signs new distribution deals for up to $784M of common shares

Welltower Inc. amended its existing equity distribution deals to provide for the sale of up to about $784.1 million of its common shares in at-the-market offerings from time to time.

The company on July 31 signed the amended deals with Morgan Stanley & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc., Goldman Sachs & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC as sales agents and with Morgan Stanley, Bank of America NA, Goldman Sachs, UBS AG London Branch and Wells Fargo Bank NA as forward purchasers.

Welltower offered and sold 2,986,574 common shares for roughly $215.9 million under its previous distribution deals, according to the filing.