From GlobeNewswire: 2024-06-27 08:38:00

Chartwell Retirement Residences closed a public offering of 28,290,000 trust units, raising approximately $345 million. The proceeds will be used to finance acquisitions in the Greater Montreal area and Quebec City. The Trust Units were offered in Canada and not registered under the U.S. Securities Act. Chartwell is committed to serving and caring for seniors, operating housing communities across Canada. Forward-looking information in the press release outlines expectations and risks for the company. Contact Chief Financial Officer Jeffrey Brown for more information.



Read more at GlobeNewswire: Chartwell Announces Closing of $345 Million Trust Unit