MISSISSAUGA, ON, Aug. 15,
2022 /CNW/ - Chartwell Retirement Residences
("Chartwell") (TSX: CSH.UN) announced today a cash distribution of
$0.051 per Trust
Unit. The cash distribution will be payable on
September 15, 2022 to unitholders of
record on August 31, 2022.
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 http://www.chartwell.com
or from a unitholder's investment advisor.
ABOUT CHARTWELL
Chartwell is an unincorporated, open-ended real estate trust
which indirectly owns and operates a complete range of seniors
housing residences, from independent supportive living through
assisted living to long term care. It is the largest operator in
the Canadian seniors living sector with over 200 properties in four
provinces, including properties under development. Chartwell is
committed to its vision of Making People's Lives BETTER and to
providing a happier, healthier, and more fulfilling life experience
for its residents. For more information,
visit http://www.chartwell.com.
Forward-Looking
Information
This press release contains forward-looking information that
reflects the current expectations, estimates and projections of
management about the future results, performance, achievements,
prospects or opportunities for Chartwell and the seniors housing
industry. Forward-looking statements are based upon a number of
assumptions and are subject to a number of known and unknown risks
and uncertainties, many of which are beyond our control, and that
could cause actual results to differ materially from those that are
disclosed in or implied by such forward-looking statements. There
can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those expected or estimated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking information. These factors are more fully described
in the "COVID-19 Business Impacts and Related Risks" section, and
the "Risks and Uncertainties and Forward-Looking Information"
section in Chartwell's 2021 MD&A, and in materials filed with
the securities regulatory authorities in Canada from time to time, including but not
limited to our most recent Annual Information Form.
For more information, please contact:
Chartwell Retirement Residences
Sheri Harris
Chief Financial Officer
Tel: (905) 501-9219
email: investorrelations@chartwell.com
SOURCE Chartwell Retirement Residences