DHCNL

These are debt securities in the form of notes issued by Diversified Healthcare Trust, representing senior or subordinated obligations of the REIT. Noteholders are creditors rather than equity owners, with contractual rights to receive periodic interest payments and principal repayment at maturity. The DHCNL notes likely have specific coupon rates, maturity dates, and covenant provisions that protect creditor interests. These notes rank differently in the capital structure compared to equity securities, providing more downside protection but limited upside participation in the company's growth.