MISSISSAUGA, ON, March 15,
2024 /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 April
15, 2024 to unitholders of record on March 29, 2024.
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, 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 one of the largest
operators in Canada, serving over
25,000 residents in four provinces across the
country. For more information, visit
www.chartwell.com.
For more information, please contact:
Chartwell Retirement
Residences
Jeffrey
Brown
Chief Financial
Officer
Tel: (905)
501-6777
email:
investorrelations@chartwell.com
SOURCE Chartwell Retirement Residences (IR)