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State: 08.08.2025 | 3PM
Tue, 01.04.2025       Chartwell Retirement Residences
CA16141A1030

This news release constitutes a "designated news release" for the purposes of Chartwell Retirement Residences' prospectus supplement dated November 14, 2024 to its short form base shelf prospectus dated April 30, 2024.

MISSISSAUGA, ON, April 1, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today that it has acquired the 345 suite (of which 36 are care units)  Résidence Le Florilège  in Quebec City ("Le Florilège"). Located in the Beauport neighbourhood of Quebec City and built in 2022, Le Florilège is on a major arterial road directly across from the Beauport Golf Club and near retail shopping and services. Le Florilège is 97% occupied. The purchase price of $112.9 million before working capital adjustments and closing costs is being financed with cash and a $77.6 million loan maturing in 6 months and carrying an interest rate of Canadian Overnight Repo Rate Average ("CORRA") + 1.95%.

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