Business
Chartwell Retirement Residences Announces September 2023 Distribution and Provides Business Update
Chartwell Retirement Residences Announces September 2023 Distribution and Provides Business Updat...
About this update from Chartwell Retirement Residences
[{"type":"text","content":"\n \n \n \n Chartwell Retirement Residences Announces September 2023 Distribution and Provides Business Update\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n Sept. 15, 2023\n \n \n /CNW/ - Chartwell Retirement Residences (\"Chartwell\") (TSX: CSH.UN) announced today a cash distribution of\n \n $0.051\n \n per Trust Unit.  The cash distribution will be payable on\n \n October 16, 2023\n \n to unitholders of record on\n \n September 29, 2023\n \n .\n \n \n 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\n \n \n https://investors.chartwell.com\n \n \n or from a unitholder's investment advisor.\n \n \n \n Resident Satisfaction Survey 2023\n \n \n \n The resident satisfaction survey includes 38 statements covering various aspects of the resident experience at Chartwell. The overall score is determined by the average of 'Strongly Agree' responses to the following three statements:\n \n \n \n I am satisfied with Chartwell as a place to live.\n \n \n It rarely crosses my mind to leave Chartwell for another retirement residence.\n \n \n When asked, I would recommend Chartwell as a place to live.\n \n \n \n In 2023, 61% of the survey respondents in our retirement residences indicated their high satisfaction ('Strongly Agree' responses), surpassin...