Mr. David Hung reports

SIENNA ANNOUNCES COMPLETION OF $250 MILLION OFFERING OF 3.524% SERIES F SENIOR UNSECURED DEBENTURES

Sienna Senior Living Inc. has completed its previously announced offering of $250-million aggregate principal amount of Series F senior unsecured debentures. The offering was led by BMO Capital Markets, TD Securities Inc. and CIBC Capital Markets, as joint lead agents and bookrunners. The debentures were issued at par, will bear interest at a rate of 3.524 per cent per annum and will mature on Dec. 18, 2028.

The debentures are rated BBB (stable) by Morningstar DBRS.

Sienna intends to use the net proceeds from the offering to finance the early redemption of all of its $175-million aggregate principal amount of 3.450 per cent Series B senior unsecured debentures, due Feb. 27, 2026, on Dec. 22, 2025, and/or for general corporate purposes.

The debentures were sold by way of a private placement in each of the provinces of Canada.

About Sienna Senior Living Inc.

Sienna Senior offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 15,000 employees are passionate about cultivating happiness in daily life.

We seek Safe Harbor.