| Spin-Off Information |
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In 2000, Senior Housing Properties
Trust (SNH) formed
Five Star Quality Care
to manage troubled nursing homes for SNH. Five Star was distributed to SNH
shareholders in late 2001, and began trading as a separate company on the
American Stock Exchange (AMEX) under the ticker "FVE" on January 2, 2002. At
the time of the spin-off, SNH shareholders received one share of
Five Star Quality Care
common stock for every 10 shares of SNH stock they owned.
Listed below are news releases that describe in greater detail the cost basis
and tax implications of owning SNH common stock at the time that this spin-off
occurred.
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