CareTrust REIT Announces Public Offering Of 10M Shares; Net Proceeds To Be Contributed To Subsidiary CTR Partnership L.P.

CareTrust REIT, Inc.

CareTrust REIT, Inc.

CTRE

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The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers (or affiliates thereof). The Company intends to contribute the net proceeds received upon the settlement of the forward sale agreements (and from the sale of any shares of its common stock that the Company may sell to the underwriters in lieu of the forward purchasers (or their respective affiliates) selling shares to the underwriters) to CTR Partnership, L.P., the Company's operating subsidiary, which will in turn use the proceeds for general corporate purposes, which may include, among other things, future acquisitions or investments, or debt repayment.