Mr. Nitin Jain reports
SIENNA ANNOUNCES SEPTEMBER DIVIDEND
Sienna Senior Living Inc. has declared a dividend of 7.65 cents per common share of the company for the month of September, 2018, representing 91.8 cents per common share on an annualized basis.
The dividend will be payable on Oct. 15, 2018, to shareholders of record as at Sept. 28, 2018.
The company's dividends are designated as eligible dividends for Canadian tax purposes in accordance with Subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial legislation.
Sienna has a dividend reinvestment plan that allows eligible shareholders of the company to direct that their cash dividends be reinvested in additional common shares. Common shares issued pursuant to the dividend reinvestment plan are issued from treasury at a 3-per-cent discount from the market price. Participation in the dividend reinvestment plan is optional and shareholders who do not wish to participate in the plan will continue to receive cash dividends. A complete copy of the dividend reinvestment plan is available under the investors section of the company's website.
About Sienna Senior Living Inc.
Sienna Senior Living is a leading seniors' living provider with 85 residences in key markets in Canada. Sienna offers a full range of seniors' living options, including independent and assisted living, long-term care, and specialized programs and services. Sienna also provides expert management services. Sienna is committed to national growth, while driving long-term value for shareholders.
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