MISSISSAUGA, ON, Aug. 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 September 16, 2024, to unitholders of record on
August 30, 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)