MISSISSAUGA, ON, Aug. 15,
2023 /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, 2023 to unitholders of record on August 31, 2023.
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
https://investors.chartwell.com or from a unitholder's
investment advisor.
ABOUT CHARTWELL
Chartwell is in the business of serving and caring for
Canada's seniors. 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. 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 nearly 200
properties in four provinces, including properties under
development.
Chartwell is in the business of serving and caring for
Canada's seniors, committed to its
vision of Making People's Lives BETTER and to providing a happier,
healthier, and more fulfilling life experience for its residents.
Chartwell is an unincorporated, open-ended real estate trust which
indirectly owns and operates a complete range of seniors housing
communities, from independent living through to assisted living and
long-term care. Chartwell is the largest operator in
Canada, serving over 25,000
residents in four provinces across the country. For more
information, visit http://chartwell.com.
For more information, please contact:
Chartwell Retirement Residences
Vlad Volodarski
Chief Executive Officer
Tel: (905) 501-4709
email: investorrelations@chartwell.com
SOURCE Chartwell Retirement Residences