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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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Current Report
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 17, 1998
Commission File Number: 001-13807
ElderTrust
(Exact name of registrant as specified in its declaration of trust)
Maryland 23-2932973
(State or other jurisdiction) (I.R.S. Employer Identification No.)
of incorporation or organization)
101 East State Street, Suite 100, Kennett Square, Pennsylvania 19348
(Address of principal executive offices)
(zip code)
(610) 925-4200
(Registrant's telephone number, including area code)
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Item 5. Other Events
On August 17, 1998, ElderTrust (the "Company") announced that its Board
of Trustees has authorized the Company to implement a Share Repurchase Program
pursuant to which the Company may repurchase common shares up to an amount equal
to the Company's excess cash flow determined on a quarterly and cumulative
basis. The common shares will be purchased through open market transactions on
the New York Stock Exchange in accordance with applicable rules and regulations.
At June 30, 1998, the Company had 7,392,600 common shares outstanding.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ELDERTRUST
(Registrant)
/s/ D. Lee McCreary, Jr.
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D. Lee McCreary, Jr.
Senior Vice President and Chief Financial Officer
Date: August 24, 1998
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