Regional Health Properties Inc (RHE)

[Enterprising Investor]

Charles Frischer beneficially owns 479,673 Series A Preferred Shares (6/20/23)

Controls 17.01 percent

Also controls 59,900 Common Shares, or 3.4% of that class.

It is Mr. Frischer’s belief that this Exchange Offer, with the improvements made by the Issuer for Series A Preferred holders, is fair and reasonable. Further, Mr. Frischer feels the Exchange Offer represents an opportunity for additional liquidity for Series A Preferred shareholders and chance for holders of Common Shares to maximize their holdings. With this Exchange Offer, Mr. Frischer believes the Issuer is in an excellent position to sell all or a portion of its assets in order to generate capital in order to buyback preferred shares. This buyback creates significant value for both the remaining preferred and common shareholders.