DHCNI

This is a preferred stock security issued by Diversified Healthcare Trust with specific dividend rights and liquidation preferences over common shares. Preferred stockholders receive fixed dividends at a predetermined rate, typically paid quarterly, before any distributions to common shareholders. In the event of liquidation, DHCNI holders have priority claim on assets ahead of common stock but after debt obligations. This preferred share series does not carry voting rights except in certain circumstances affecting preferred shareholder rights, and trades separately from the REIT's common shares.