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Capital Offering Profile

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 (NYSE - LTC)  
Company NameLTC Properties, Inc.
Offering TypeConvertible Preferred
Description8.500% Series E cumulative convertible preferred stock
Currency of IssueUSD
Trading Symbol (Exchange)LTC.E (NYSE)

Announcement Date9/9/2003
Trade Date9/15/2003
Settlement Date9/19/2003
Completion Date9/15/2003
Overallotment Expiration10/16/2003
Date Overallotment ExercisedNA
Shelf Filing Date6/27/2003

144a?No
Mandatory Redemption?No
Convertible?Yes
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of the offering will be used together with cash on hand to repay outstanding amount under senior secured revolving line of credit.

UnderwritersShares
Underwritten
Amount
Underwritten
($000)
Book Manager(s)
  Stifel, Nicolaus & Company, Incorporated1,300,00032,500
Co-Manager(s)
  KeyBanc Capital Markets Inc.400,00010,000
  BMO Capital Markets Corp.300,0007,500

Pricing
Offer Price ($)25.00
Gross Amount Offered ($000)50,000
Amount Including Overallotment ($000)55,000
Shares Offered2,000,000
Total Shares Offered2,200,000
Original Shelf Value ($000)200,000

Professionals
Issuer's CounselBallard Spahr LLP
Reed Smith LLP
Underwriter's CounselDewey Ballantine LLP
Auditor(s)Ernst & Young LLP


Underwriting Fees
Gross Spread ($)0.86
Gross Spread (%)3.45
Sales Concession ($)0.50
Reallowance ($)0.40

Overallotments
Overallotment Amount Available ($000)5,000
Overallotment Shares Available200,000
Overallotment Amount Exercised ($000)5,000
Overallotment Shares Exercised200,000

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