National Health Realty Inc., a real estate investment trust based in Murfreesboro, Tenn., has reported receiving notification from the American Stock Exchange that it is not in compliance with requirements regarding the composition of its board of directors.The warning letter from Amex gives the REIT until May 31 to comply with the requirement that its board have a majority of independent directors, the company said. The REIT said it intends to correct the situation as soon as possible.
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