Chartwell REIT Announces March 2012 Distribution
March 15 2012 - 10:37AM
Marketwired
Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN)
("Chartwell") announced today a cash distribution of $0.0450 per
Trust Unit for the month of March 2012. The cash distribution will
be payable on April 16, 2012 to unitholders of record on March 30,
2012.
Unitholders can participate in Chartwell's Distribution
Reinvestment Plan ("DRIP"). Eligible investors registered in the
DRIP will have their monthly cash distributions used to purchase
Trust Units, and will also receive bonus units equal to 3% of their
monthly cash distributions. DRIP offers unitholders the opportunity
to steadily increase their ownership in Chartwell without incurring
any commission or brokerage fees. Complete details of the DRIP are
available on Chartwell's website at www.chartwellreit.ca or from a
unitholder's investment advisor.
Chartwell is a real estate investment trust that owns and
operates a complete range of seniors housing communities from
independent supportive living through assisted living to long term
care. It is one of the largest participants in the seniors housing
business in North America. Chartwell's aim is to capitalize on the
strong demographic trends present in its markets to maximize the
value of its existing portfolio of seniors housing communities, and
prudently avail itself of opportunities to grow both internally and
through accretive acquisitions.
Contacts: Chartwell Seniors Housing Real Estate Investment Trust
Vlad Volodarski Chief Financial Officer (905) 501-4709 (905)
501-4710 (FAX)vvolodarski@chartwellreit.ca www.chartwellreit.ca
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