Business
Chartwell Retirement Residences announces December 2018 distribution
Chartwell Retirement Residences announces December 2018 distribution Canada NewsWi...
About this update from Chartwell Retirement Residences
[{"type":"text","content":"\n\n\n\nChartwell Retirement Residences announces December 2018 distribution\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMISSISSAUGA, ON, Dec. 17, 2018\n\n\n\nMISSISSAUGA, ON, Dec. 17, 2018 /CNW/ - Chartwell Retirement Residences (\"Chartwell\") (TSX: CSH.UN) announced today a cash distribution of $0.049 per Trust Unit. The cash distribution will be payable on January 15, 2019 to unitholders of record on December 31, 2018.\nUnitholders 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.chartwell.com or from a unitholder's investment advisor.\nABOUT CHARTWELL\nChartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, 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 quality retirement communities in four provinces. 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 www.chartwell.com.\nFORWARD LOOKING INFORMATION\nThis 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 di...