8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20459

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report: March 24, 2011

(Date of earliest event reported)

LTC PROPERTIES, INC.

(Exact name of Registrant as specified in its charter)

Maryland	1-11314	71-0720518
(State or other jurisdiction of	(Commission file number)	(I.R.S. Employer
incorporation or organization)		Identification No)

2829 Townsgate Road, Suite 350

Westlake Village, CA  91361

(Address of principal executive offices)

(805) 981-8655

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 — Other Events

The Company issued a notice of redemption on March 24, 2011 of 3,536,530 shares of the Company’s 8.0% Series F Cumulative Preferred Stock representing all of the total number of outstanding shares of the Series F Cumulative Preferred Stock.  The redemption date will be April 25, 2011 and the redemption price will be $25.00 per share plus accrued and unpaid dividends for a total of $25.1333 per share. The normal dividend payment declared on March 21, 2011, for Series F Preferred Stock shareholders of record on April 1, 2011 will be made in the usual manner on April 15, 2011.

Item 9.01. — Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

None.

(b) Pro Forma Financial Information

None.

(d) Exhibits.

99.1Press Release issued March 23, 2011.

99.2Notice Of Redemption To the Holders of LTC Properties, Inc. 8.0% Series F Cumulative Preferred Stock

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	LTC PROPERTIES, INC.
Dated: March 24, 2011	By:	/s/ WENDY L. SIMPSON
		Wendy L. Simpson
		CEO & President

2

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE Contact: Wendy L. Simpson, CEO & President
Pam Kessler, EVP & CFO (805) 981-8655

LTC ANNOUNCES REDEMPTION OF
8.0% SERIES F CUMULATIVE PREFERRED STOCK

WESTLAKE VILLAGE, CALIFORNIA, March 23, 2011 — LTC Properties, Inc. (NYSE:LTC) announced today that it will call for a redemption on March 24, 2011 of 3,536,530 shares of its 8.0% Series F Cumulative Preferred Stock (NYSE: LTC PrF) (the “Series F Preferred Stock”) representing all of the outstanding shares of Series F Preferred Stock.  The redemption date of the Series F Preferred Stock will be April 25, 2011 (the “Redemption Date”), and the redemption price will be $25.00 per share of Series F Preferred Stock, plus accrued and unpaid dividends, up to the Redemption Date for a total of $25.1333 per share (the “Redemption Price”). The normal dividend payment declared on March 21, 2011, for Series F Preferred Stock shareholders of record on April 1, 2011 will be made in the usual manner on April 15, 2011.

Shareholders who hold shares of Series F Preferred Stock through the Depository Trust Company will be redeemed in accordance with the Depository Trust Company’s procedures.  On or before the Redemption Date, the funds necessary for the redemption of all the shares of Series F Preferred Stock will have been set aside by the Company in trust for the benefit of the holders thereof.  Subject to applicable escheat laws, any moneys set aside by the Company and unclaimed at the end of two years from the Redemption Date will revert to the general funds of the Company, after which reversion the holders of the shares of the Series F Preferred Stock called for redemption may look only to the general funds of the Company for the payment of the Redemption Price.

After the Redemption Date, dividends on such Series F Preferred Stock will cease to accrue on such shares and such shares of Series F Preferred Stock shall no longer be deemed outstanding and all rights of the holders in respect of such Series F Preferred Stock being redeemed will terminate, except for the right to receive the Redemption Price, without interest thereon.

The notice of redemption and related materials will be mailed to registered holders of the Series F Preferred Stock called for redemption on or about March 24, 2011.  Shares of the Series F Preferred Stock called for redemption are to be surrendered to American Stock Transfer & Trust Company, LLC, as redemption agent, for payment of the Redemption Price, by mail, by hand or by overnight delivery at the addresses set forth in the letter of transmittal that will accompany the notice of redemption.  Questions relating to, and requests for additional copies of, the notice of redemption and the related materials should be directed to American Stock Transfer & Trust Company, LLC at 877-248-6417.

The Company is a self-administered real estate investment trust that primarily invests in senior housing and long-term care facilities through mortgage loans, facility lease transactions and other investments.  For more information on LTC Properties, Inc., visit the Company’s website at www.LTCProperties.com.

This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future.  All statements other than historical facts contained in this press release are forward looking statements.  These forward looking statements involve a number of risks and uncertainties.  All forward looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward looking statements.  Although the Company’s management believes that the assumptions and expectations reflected in such forward looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.  The actual results achieved by the Company may differ materially from any forward looking statements due to the risks and uncertainties of such statements.

EX-99.2

EXHIBIT 99.2

NOTICE OF REDEMPTION

To the Holders of

LTC PROPERTIES, INC.

8.0% Series F Cumulative Preferred Stock

CUSIP No. 502175 607

NOTICE IS HEREBY GIVEN BY LTC PROPERTIES, INC. (THE “COMPANY”), pursuant to the provisions of the Company’s Articles Supplementary Classifying the 8.0% Series F Cumulative Preferred Stock (the “Series F Preferred Stock”), that the Company is redeeming 3,536,530 shares of Series F Preferred Stock representing all of the total outstanding shares of the Series F Preferred Stock and such shares are hereby called for redemption on April 25, 2011(the “Redemption Date”).  Shareholders who hold shares of Series F Preferred Stock through the Depository Trust Company will be redeemed in accordance with the Depository Trust Company’s procedures. Upon presentation and surrender of certificates for the Series F Preferred Stock, bearing any necessary stock transfer tax stamps thereto affixed and cancelled and properly endorsed in blank for transfer or accompanied by proper instruments of assignment or transfer in blank, on or after the Redemption Date at the address of the Redemption Agent described below, the Series F Preferred Stock will be redeemed at the redemption price of $25.00 per share plus accrued and unpaid dividends payable up to the Redemption Date for a total of $25.1333 per share. The normal dividend payment declared on March 21, 2011, for Series F Preferred Stock shareholders of record on April 1, 2011 will be made in the usual manner on April 15, 2011.

NOTICE IS HEREBY FURTHER GIVEN that after the Redemption Date, dividends on such Series F Preferred Stock will cease to accrue on such shares and such shares of Series F Preferred Stock shall no longer be deemed outstanding and all rights of the holders in respect of such Series F Preferred Stock being redeemed will terminate, except for the right to receive the Redemption Price, without interest thereon.

Payment will be made upon presentation and surrender of the certificates as aforesaid on or after the Redemption Date at the principal office of the Redemption Agent:

American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
Attn: Reorganization Dept.
Telephone: 877-248-6417

IMPORTANT TAX INFORMATION. Under the provisions of the Interest and Dividend Tax Compliance Act of 1983, Paying Agents may be obligated to withhold 28% of the redemption price from any shareholder who has failed to furnish the Paying Agent with a valid taxpayer identification number and a certification that such shareholder is not subject to backup withholding under that Act.  Shareholders who wish to avoid the application of these provisions should submit a completed W-9 when presenting their certificates.

LTC PROPERTIES, INC.

March 24, 2011