SANDPIPER GROUP REDUCES ITS POSITION IN EXTENDICARE INC.

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[{"type":"text","content":"\n\n\nSANDPIPER GROUP REDUCES ITS POSITION IN EXTENDICARE INC.\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\nCanada NewsWire\n\n\nVANCOUVER, BC, Dec. 15, 2025 /CNW/ - Sandpiper Group (\"Sandpiper\"), together with its joint actors, has reduced its position in Extendicare Inc. (\"Extendicare\") (TSX: EXE) to 9.99%.\n\n\n\n\n\n\n\nOn December 15, 2025, Sandpiper, together with its joint actors, disposed of 2,500 common Shares of Extendicare (\"Shares\") in the open market under the facilities of the Toronto Stock Exchange, representing approximately 0.003% of the current issued and outstanding Shares (the \"Transaction\"). The aggregate gross proceeds received for the Transaction that is the subject of the accompanying Early Warning Report filed by Sandpiper is $56,125, being an average price of $22.45 per Share. Immediately prior to the Transaction, Sandpiper, together with its joint actors, owned and exercised control and direction over 9,447,976 Shares, representing approximately 10% of the 94,457,909 Shares issued and outstanding as at December 3, 2025, as reported on Extendicare's Shareholder Info/Number of Securities Outstanding webpage.\nAs a result of and immediately following the Transaction, Sandpiper, together with its joint actors, owns and exercises control and direction over an aggregate of 9,445,476 Shares, representing approximately 9.99% of the current issued and outstanding Shares.\nThe Shares were disposed of for investment purposes. Sandpiper continues to believe in its investment in Extendicare and Extendicare's ability to generate long-term value for its shareholders.\nSandpiper and its affiliates may, from time to time, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the securities of Extendicare through market transactions, private agreements, or otherwise.\nExtendicare's head office is located at 3000 Steeles Ave. East, Suite 400, Markham, Ontario, L3R 4T9.\nSandpiper's head office is located at 1000 – 1021 West Hastings Street, Vancouver, British Columbia, V6E 0C3.\nAn ...

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